Case Study: Accurate Disbursing Prevents a $121K Wire Fraud with CertifID

Accurate Disbursing Used CertifID to Prevent a $121k Disbursement Wire Fraud

The customer, Accurate Disbursing, a construction disbursement company, faced the challenge of wire fraud when a new general contractor's email was compromised. The fraudulent actor, impersonating the owner, attempted to redirect a $121,000 disbursement. Accurate Disbursing used CertifID's Confirm Request service as part of its security process to validate wire instructions and identities before sending funds.

CertifID's solution prevented the fraud when its layered security technology flagged the impostor's verification attempts as suspicious, revealing their actual location was Nigeria. This allowed Accurate Disbursing to halt the transfer, establish secure communication with the real contractor, and successfully disburse the funds to the correct account. The measurable impact was the direct prevention of a $121,000 loss, leading the customer to view CertifID as a foundational security tool.

Accurate Disbursing

David Rhoads

General Manager