March 18, 2017

Most articles about real estate fraud have focused on the same scenario: hackers breaking into professionals’ email accounts to learn about upcoming transactions, then emailing the buyer to wire money to the hacker’s account. In reality, there are many other ways hackers insert themselves into communications, such as tricking the real estate professional into installing malicious software on their computer or phone, or changing escrow instructions (or other disbursements) at the office of the real estate professional via email. Hacking can also be done by less sophisticated methods, including phone, fax or inter-office memo. The latest evolution of the...

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