Items Tagged with 'wire fraud'

ARTICLES

  • Real estate and fintech solution CertifID raises $1.7M in seed round financing

    Initial round led by Wakestream Ventures
    Authentication software provider CertifID announced it has raised $1.7 million in its seed round of financing, led by Wakestream Ventures. The company was founded in 2017 by the owners and founders of Sun Title, and entrepreneur Tyler Adams, after Sun Title fell victim to a social engineering fraud scheme that cost the company almost $200,000.
    Read More
  • Sounding the alarm: Mortgage wire fraud is a much bigger threat than you realize

    If you think mortgage wire fraud is a problem only for vendors, think again
    Fraud is an issue that we don’t like to think about in the mortgage industry. Yet it always seems to be there, lingering on the fringe of our focus. From time to time, the topic bubbles up in the news or at a convention. We talk about it, give it the proverbial “15 minutes of fame", but rarely are we forced to alter the way we do business or invest large amounts into protecting ourselves from it.
    Read More
  • From HW Magazine

    How hackers are targeting title and settlement companies

    Wire transfers in the crosshairs
    Olympic Peninsula has been the target of wire fraud three times in the last six months. In the first instance, a hacker infiltrated one of the seller’s accounts on a $350,000 sale, but it was derailed when staff noticed the sender’s email address contained .com.za.
    Read More
  • Former TierOne Bank CEO gets 11 years in federal prison

    Charged with fraudulently concealing loan and real estate losses
    On Wednesday, U.S. District Judge John Gerrard ordered the former CEO of TierOne Bank to 11 years in prison. Why? Well, as it turns out, what happens in Vegas doesn't always stay in Vegas, especially when it comes to defrauding investors. Here's a breakdown of the criminal activity.
    Read More
  • CUNA issues alert on HELOC wire fraud

    New round of attacks prompts cautions on data
    CUNA Mutual Group issued an alert this week regarding a wave of fraud that originates from home equity lines of credit and requests wire transfers be sent to construction company accounts.
    Read More