How did the thieves steal the copper wire?
Some thieves dress in phony gear, such as reflective vests, posing as utility or transportation workers. Others just walk right up, break into the boxes and steal the wires outright. The crooks, some of whom police say are drug addicts looking for quick cash, take their loot to scrap recycling yards to sell it.
Why are ground wires sometimes stolen?
The theft of earthing wires occurs due to the increasing cost of copper. Some methods are available to avoid the theft of copper earthing wires such as i) copper clad steel based earthing ii)chemical earthing iii) Concrete the earting wire using cement etc.
Why do thieves steal copper?
The demand for copper from developing nations such as China and India is creating a robust international copper trade. Copper thieves are exploiting this demand and the resulting price surge by stealing and selling the metal for high profits to recyclers across the United States.
Do people still steal copper?
Costs change all the time and thieves can make a lot of money selling copper. Theft of copper pipes, tubing, and wiring has been on the rise in recent years due to the increased value for scrap copper. The US Department of Energy estimates that this once minor problem has exploded into $1 billion a year nightmare.
What happens when there is no ground?
If the ground is not connected (bonded) to the neutral, or the system ground is not properly grounded to the Earth, two bad conditions will exist: zero voltage will not have a ground reference, which can lead to irregular and inconvenient voltages that could have a negative effect on equipment, but more importantly.
What happens if the ground wire comes disconnected from the rod in the ground?
A ground fault is an unintentional connection between a hot conductor (voltage-carrying wire) and a ground. If left uncorrected, the current in a ground fault can potentially result in shock, electrocution or fire.
How to recover from a wire fraud case?
Take time in advance to create an internal system to execute immediately in the event of a wire fraud occurring. Reach out to your bank, FBI field office, network security team, legal counsel and your insurance company to align on expectations and protocols to maximize your chances of recovery.
When is a bank at fault for a wire transfer?
If the sending bank has erroneously specified an account number that is different than what you have specified in the request, then the responsibility can be attributed to the sending bank. The receiving bank is at fault if they have credited an account different than the one they have been instructed to do.
What should you do if someone sends you a wire transfer?
If you are buying, lending, closing or brokering a transaction that will have funds exchanged by wire transfer, you would be well advised to manage your cybersecurity: Verbally confirm – both as sender and recipient of any email instructions – both the amount and the wire transfer payment destination.
How does a wire fraud attack take place?
Most wire fraud attacks result from Business Email Compromise (BEC). Which means a hacker has gained access to your email system, and it’s up to you to find out how. In more serious cases, the attacker may have installed malware on your machine or network that compromised your email and other credentials.
Take time in advance to create an internal system to execute immediately in the event of a wire fraud occurring. Reach out to your bank, FBI field office, network security team, legal counsel and your insurance company to align on expectations and protocols to maximize your chances of recovery.
What to do if you get a wire transfer scammed?
Contact the wire transfer company. Tell them it was a fraudulent transfer. Ask them to reverse the wire transfer and give you your money back. Did you send a wire transfer through your bank? Contact your bank and report the fraudulent transfer. Ask if they can reverse the wire transfer and give you your money back.
If the sending bank has erroneously specified an account number that is different than what you have specified in the request, then the responsibility can be attributed to the sending bank. The receiving bank is at fault if they have credited an account different than the one they have been instructed to do.
How does a wire transfer fraudster get inside information?
In this kind of case, the fraudsters need to know the identity of who is selling to the target company, something that may require some inside information. Instead of impersonating a company officer with authority to order wire transfers, the fraudsters impersonate the company’s supplier.