Wire Fraud
Criminals have become more knowledgeable about our business and have learned how to take advantage of a busy real estate market. While we have all seen instructions on how too prevent wire fraud, below are a few tips and reminders so we may all stay vigilant.
- Wire and other disbursement instructions received by email should be confirmed by telephone at a known or independently-confirmed number, NOT the telephone number at the bottom of the email.
- Be especially skeptical of any change in disbursement instructions.
- Consider providing YOUR wire instructions to your customers via hard copy only.
- Be suspicious of emails from free, public email account domains as they are often a source of risk.
- Watch out for phishing emails with embedded links, even when they appear to come from a trusted source.
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