BE AWARE! Wire fraud is on the rise. Educate yourselves and warn your clients about the severity of wire fraud.
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 attorney, 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.
Share this flyer of preventative steps with clients and fellow agents to avoid wire fraud and to raise awareness of this growing epidemic.