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I mean by sending someone fraudulent wire instructions. It's been a problem in real estate transactions, mainly with consumers receiving instructions by email.

I mean by sending someone fraudulent wire instructions. It's been a problem in real estate transactions, mainly with consumers receiving instructions by email. Also, businesses have been hit in social engineering attacks that end up with instructions to send a wire. These situations can be reversed if discovered fast enough, but after a few hours the funds are moved internationally and you're very unlikely to get your money back.

repomies69 5y ago
It depends on how well the fraud is executed, how long time has been passed since the fraud happened and also on the amounts and people/organisations involved. Technically kalzumeus might be right, however practically it almost always makes sense to think that wire transfer is final, and treat it that way. If a con man tricks you into wiring funds to a wrong address, it is quite likely gone. However with credit card payments you can be more relaxed, and so on.