How to Protect Yourself, Your Business, and Your Clients from this Growing Threat If we look at this past year’s cybersecurity statistics, we see compelling evidence that mortgage fraud deriving from cybersecurity incidents is an attractive landscape for cyber criminals. Verizon’s 2018 Data Breach Investigative Report (DBIR2018), tells us that 76 percent of last year’s attacks were financially motivated. This...
Real estate agents and others involved in home transactions have become increasing targets for hackers A report by the FBI's Internet Crime Complaint Center said the number of victims of email fraud involving real estate transactions rose 1,110 percent between 2015 to 2017 and losses rose nearly 2,200 percent. Nearly 10,000 people reported being victims of this kind of fraud in 2017...
We've known for quote some time that scammers have been targeting real estate transactions, such as this warning from CTMeContracts in July of this year of several attempts to deceive real-estate agents and title company employees into wiring earnest money and/or closing funds into a fraudulent account. But now NAR is delivering warnings about the potential threat. According to panelists at the...