Cyber Security<\/text> <\/mask> <\/defs> <\/rect> <\/svg> <\/div>\n <\/div>\n
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How to Avoid Wire Fraud<\/h3>\n
Rule 1: Always question emails that contain wiring instructions.<\/strong>
Hackers have learned to exploit the real estate closing process to steal millions of dollars from people buying or selling a home.<\/p>\nRule 2: Always call before sending any money.<\/strong>
When you do receive instructions on where to send money prior to closing, always call your contact person at the title company to verify. Then call your bank to verify as well.<\/p>\nRule 3: Always call after sending money.<\/strong>
It\u2019s always a good idea to call right after money is sent. That way, you can verify that it was received by the correct recipient.<\/p>\nRule 4: Act immediately if anything seems unusual.<\/strong>
Contact your bank, mortgage company, and title company immediately if anything is in question. If something is wrong, you may need to contact your local FBI office.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”2″ make_equal=”on” module_class=”tt-reverse-order” _builder_version=”4.18.0″ _module_preset=”default” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.18.0″ _module_preset=”default” custom_css_main_element=”margin-bottom: 0px;” global_colors_info=”{}”][et_pb_text admin_label=”Protect Yourself From Cyber Fraud” _builder_version=”4.18.0″ locked=”off” global_colors_info=”{}”]<\/p>\n
Protect Yourself From Cyber Fraud<\/h3>\n
Watch the video or read below to learn how to protect yourself from cyber fraud.[\/et_pb_text][et_pb_text admin_label=”How Your Money Gets Stolen” _builder_version=”4.18.0″ locked=”off” global_colors_info=”{}”]<\/p>\n
How Your Money Gets Stolen<\/h3>\n\n- Hacked email<\/strong> \u2013 Hackers get access to the email account of someone involved in the transaction \u2013 the buyer, seller, real estate agent, mortgage lender, title agent, or other.<\/li>\n
- Email from hacker<\/strong> \u2013 The hacker then emails that person to change the wiring or payment instructions without knowledge from the other parties.<\/li>\n
- Consumer pays wrong account<\/strong> \u2013 If not questioned, the wrong account gets the down payment or other funds and the criminal gets away.<\/li>\n
- Closing day<\/strong> \u2013 By the time closing day arrives and the mistake is realized, often the funds are long gone.<\/li>\n<\/ol>\n
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