Carey Ann Cyr
Area Sales Manager | NMLS #160055
Branch NMLS #1093019
Posted On May 15, 2018
In the midst of the busy home buying and selling season, fraudulent activity becomes more prevalent. Due to the recent increase in Wire Transfer Fraud activity, it is important to remain vigilant by staying aware throughout the transaction and reporting any suspicious activity immediately.
When a realtor or title company experiences an email hack, fraudulent wire instructions sent by cyber criminals can cause borrowers to lose their down payment funds with little chance of getting the money back.
Wire Transfer Fraud Prevention Tips
Seemingly harmless email communication could be a phishing opportunity for hackers. Don’t become a victim of wire fraud! Education is key to prevention.