Alert: Wire Fraudsters Targeting Real Estate Transactions

"...[R]eal estate professionals have reported an upswing in a particularly insidious wire scam.   A hacker will break into a licensee’s email account to obtain information about upcoming real estate transactions.  After monitoring the account to determine the likely timing of a close, the hacker will send an email to the buyer, posing either as the title company representative or as the licensee.  The fraudulent email will contain new wiring instructions or routing information, and will request that the buyer send transaction-related funds accordingly.  Unfortunately, some buyers have fallen for this scheme, and have lost money."

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