A reported 13,638 people were victims of wire fraud in the real estate sector in 2020 (a 17% increase over 2019) with losses of more than $213 million), according to FBI data.
These fraud schemes are becoming rampant and everyday these criminals become more and more sophisticated. By engaging in routine, seemingly harmless communication, criminals bait users into giving their personal information or clicking a link that allows hackers to steal log-in information and passwords. Typically, a method called phishing in the form of email messages, website forms or phone calls is used to fraudulently collect personal information. When this personal information is obtained, the target is set and often times is used in attempts to gain access to wiring of funds.
Don’t become a victim of wire fraud! Education is key to prevention. This page’s purpose is to give you the knowledge and tools needed to recognize wire fraud attempts.
ALTA CEO Diane Tomb weighs in | January 4, 2023, 6:22 am By Tannistha Sinha (Housingwire.com) How title companies are combating wire fraud Cyberattacks, particularly wire fraud through business email compromise, remain
By Caroline Biggs | Jan. 3, 2020 | The New York Times The F.B.I. says real estate transactions are a growing target of wire fraud. Here are some ways to fight
December 11 | National Association of REALTORS® More and more phishing scams are targeting real estate professionals and their clients, attempting to dupe you out of money. There are several
The following security tips can help you identify a compromised email account and prevent further exploitation.
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