There is a scary new twist on wire fraud. Over the past few years, settlement professionals have become targets for fraud. They are responsible for large sums of money which they are responsible for disbursing in the course of closing real estate transactions. Naturally, these schemes to divert funds continue and losses to the parties involved are often devastating. How the Scheme Works Here’s how this
Table of Contents What is ransomware? How does it work? How does ransomware get on to a computer? How do I protect against ransomware? Malware infected my PC! What should I do? Should I pay the ransom? What is ransomware? Ransomware is a scary, so want you to learn about it! Ransomware is a form of malware that targets critical data and systems for the
Wire Fraud and You. What do you know? What Is a Wire Transfer? A wire transfer is a way to quickly and safely transfer funds electronically from one bank account to another. Wire fraud may affect you when purchasing or selling a home. With a wire transfer, the recipient has access to the money almost right away, often within the same day for transfers within
Wire Fraud Takes Aim at Home Construction Industry Wire fraud is growing its range of targets. The homebuilding industry increasingly in its crosshairs, according to this new white paper published by CertifID. Background Consequently, Thomas Cronkright II and Lawrence Duther wrote a white paper entitled “Wire Fraud Begins To Hammer the Construction Industry.” Cronkright II and Duthler co-founded CertifID and are anti-fraud technology developers. According to the
Hey, it’s time to learn how to protect yourself from wire fraud! Buying and selling a home is an exciting time. Still, there can be pitfalls for unsuspecting consumers. In this video, the American Land Title Association aims to help both homeowners and sellers. Be aware that criminals are using wire fraud schemes to steal money meant for home purchases. They also steal the proceeds