A hot new scam targets home buyers: down payment wire fraud. Hackers send bogus emails, telling buyers where to wire the down paymentmoney. The stolen money disappears. The home buyer ends up with an empty bank account and a broken heart. Hundreds of millions of dollars have been stolen this way. But you can avoid that [...]
Hardly a day goes by without news of a new cyber attack. In fact, the number of wire fraud scams reported by title companies to the Internet Crime Complaint Center spiked 480 percent in 2016, according to the FBI. Here are five recent wire fraud schemes involving title and settlement companies: Maryland, August 2017: The FBI [...]
Google Research analyzed over a billion emails passing through Gmail, and the results were presented last week at the RSA security conference in San Francisco which I visited. Extremely interesting stats: corporate email addresses are 6.2 times more likely to receive phishing attacks, 4.3X likely to receive malware compared to personal accounts, but 0.4X less [...]
"Cyber Security in Real Estate Sales " begins by addressing three crucial questions: Is cyber risk a real problem in the real estate sales industry? Why is the industry being targeted? How real are the threats for agents, brokers, and office managers? And then answers three more: How did it happen? What does the [...]
