Since 2013, there have been 22,000 reported cases of wire fraud involving losses of $3.1 Billion. -FinCEN It is estimated there are 4,000 hack attempts per day nationwide. -FBI How to protect yourself from Fraudulent Wiring: Fraudulent wiring instructions are being sent to real estate agents, title companies, escrow companies and customers. – Be wary of free, web-based email accounts; they are easily hacked. – Always verify changes in payment instructions and confirm requests for transfer of funds. – Be suspicious of requests for secrecy or pressure to take action quickly. If you think you might be a victim: 1. Using a previously known phone number, call the supposed sender of the email to authenticate the change request – don’t call the number on the email. 2. If you suspect fraud, immediately notify the financial institutions and escrow agent involved in the transaction. 3. Contact your local law enforcement authorities, and file a complaint with the FBI’s Internet Crime Complaint Center. |
