General World News

Wire Fraud: Are you the weakest link?

HW+ wire fraud

It’s the moment everyone fears: in the frenzy to close a house sale, commitment to fraud preventions falters. Busy professionals involved in the sale override their own cautions about fending off wire fraud by reverting to tried-and-true email addresses to convey the most sensitive financial information.

Trying to keep with the drive to the finish line, the harried consumer let down their guard. Instead of questioning email directions from their agent, title insurer or lender, the consumer hits ‘reply.’

And just like that, coordinates for a wire fraud transfer of tens of thousands of dollars —­ even a lifetime details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com