Who does wire fraud target?

Well, both. There are a number of frauds focusing on both business and consumer accounts. Losses are generally higher when a business account is targeted, but not always. Some consumer losses have generated staggering losses, particularly with home-buyer scams. If your bank offers wire transfer services for both consumers and businesses, then you need appropriate controls in place for both, and those controls may differ. Controls (internal, account, etc.) that help protect a business from wire transfer fraud (i.e. dual control, whitelisting, etc.) may not protect the bank or consumer from wire fraud. In fact, business account controls generally are not even possible in a consumer account environment.

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Wire Transfer Fraud Prevention Programs