The wire fraud scams are still happening and now reached our local area. Make sure you are protecting yourself and your clients. Hackers are adjusting and you need to be prepared.
Wire Fraud has been a hot topic for several years now, and it is not going away any time soon. We’ve heard stories about how buyers lost their down payments and even their life savings due to wire fraud. PLEASE REMAIN VIGILANT. A local broker called with a situation that happened over the weekend where the buyer lost $12,000. The out of town title company used encrypted email, but the buyer did not. The buyer’s email was hacked, and long story short, they received false wiring instructions and sent their money to the bad guys.
You may have seen the Florida REALTORS article this week stating 74 people were arrested for wire fraud in Fort Lauderdale. These scams are still very prevalent. Watch the National Association of REALTORS (NAR) video: ‘Arm Your Clients Against Wire Fraud’ to help protect you and your clients.
Watch NAR Video
Arm Your Clients Against Wire Fraud