KnowBe4 - Real Estate Transactions are Increasingly Vulnerable to CEO Fraud

Real_Estate_CEO_FRAUD

The real estate industry is a particularly attractive target for BEC (Business Email Compromise—also known as CEO Fraud—attacks, according to FBI spokesman David Fitz. Fitz told The Baltimore Sun that the industry’s day-to-day activities present a host of opportunities for scammers, including large, online transactions and a great deal of remote communication.

Between January 2017 and November 2018, sixty victims in Maryland lost over $2 million combined as a result of hijacked real estate transactions. Fitz notes that those numbers could be much higher, since many individuals and companies may refrain from reporting that they were scammed.



from KnowBe4 Security Awareness Training Blog https://blog.knowbe4.com/real-estate-transactions-are-increasingly-vulnerable-to-bec

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