Wire fraud topped the list as a sophisticated scam causing consumers to lose millions of dollars each year. Hackers are gaining access to e-mail accounts through captured passwords, and they’ll search inboxes for messages related to real estate transactions. Once they find a victim who’s in the process of buying a home, they’ll send a spoof e-mail that looks like it’s from their agent, title representative, or escrow holder, and it will say there are “new” wiring instructions, which includes a fraudulent account. The home buyer will then unwittingly wire funds directly into the hacker’s account. Once they send it, the money is gone. Millions of dollars are lost on this.
Keep in mind, wire fraud is not limited to buyers only! Sellers can be victimized also. Oakwood Escrow will never email out or accept via email anything regarding wiring account information. www.oakwoodescrow.com
Негізгі бет What is Real Estate Wire Fraud?
Пікірлер