Posts Tagged ‘wire fraud’
The title and settlement industry is blessed with great people, and that makes sense because our industry is built on being helpful.
We all want a smooth, efficient transaction for everyone involved. Unfortunately, our desire to be helpful and to keep things moving makes us a prime target for wire fraud.
So, how careful do we need to be when verifying the legitimacy of an email or even an incoming phone call?
Fraudsters know about us. They know how busy we can be, and they know how to prey on our traits to overcome our data and escrow security training.
They aren’t just looking to trick us. They aren’t practical jokers. They are truly insidious “social engineers.”