Items Tagged with 'phishing'

ARTICLES

  • Feds arrest 8 more in ongoing action against hackers targeting wire transfers

    Africa-based conspiracy defrauded U.S. citizens and companies out of $15 million
    For the second time this month, federal authorities have arrested a number of people who allegedly participated in schemes designed to intercept and hijack wire transfers from businesses and individuals, including those involving real estate transactions. This week, eight more people were arrested for participating in a widespread, Africa-based conspiracy that allegedly defrauded U.S. citizens and companies out of $15 million over the last several years.
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  • Feds arrest dozens in sweeping action against hackers targeting wire transfers

    Including those targeting real estate transactions
    The federal government announced Monday that it conducted a massive sweep and arrested nearly 75 people who allegedly participated in schemes designed to intercept and hijack wire transfers from businesses and individuals, including those involving real estate transactions. The operation also resulted in the seizure of nearly $2.4 million, and the disruption and recovery of approximately $14 million in fraudulent wire transfers.
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  • Monday Morning Cup of Coffee: Goldman Sachs teases big move into mortgages

    Marcus for mortgages? Maybe
    Once a big player in mortgage lending, Goldman Sachs’ footprint in housing finance has gotten significantly smaller since the financial crisis…but that could be about to change. Is Marcus for mortgages coming soon? It appears that's something the megabank is considering. That, and more, in your Monday Morning Cup of Coffee.
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  • WEI Mortgage becomes latest victim of data breach

    Employee’s email account accessed via phishing scheme
    Virginia-based WEI Mortgage disclosed this week that is the victim of a data breach that may have exposed the highly sensitive personal information of the lender’s customers. WEI Mortgage, which is a subsidiary of Arc Home, revealed Monday that it discovered in September 2017 that one of its employees was the victim of a phishing scheme, which ultimately gained access to the employee’s account and perhaps other accounts.
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  • Hackers impersonating mortgage and title staffers in wealthy Texas suburb to steal down payments

    Police in Southlake issue warning about imposters
    Police in Southlake, Texas, a suburb of the Dallas/Ft. Worth Metroplex and the fourth wealthiest city in the U.S., issued a warning this week about scammers who are hacking into the email accounts of real estate professionals and then pose as title company employees in order to steal a homebuyer’s down payment. And in Southlake, the down payments can be quite high.
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  • American Pacific Mortgage sues insurer after hacker stole funds from lender

    Claims Aspen Specialty Insurance is in breach of contract
    American Pacific Mortgage filed a lawsuit in federal court this week against Aspen Specialty Insurance Company, claiming that the insurance company is refusing to cover a claim filed after a hacker impersonated the mortgage company’s former CEO and stole more than $75,000 from the company.
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  • U.S. Residential Group employees’ personal information may have been stolen in phishing attack

    Property manager warns employees they may be at risk of identity theft
    The sensitive personal information of employees and former employees of U.S. Residential Group may have been stolen after a company email account was taken over in a phishing attack. According to the company, the unauthorized individual may have been able to access certain employee information including: names, Social Security numbers, driver’s license numbers, and more.
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  • FTC, Realtors warn homebuyers about mortgage closing cost phishing scam

    Hackers continuing to pose as agents or title companies
    A little over a year ago, the Federal Trade Commission and the National Association of Realtors issued a warning to people interested in buying a home. Scammers were posing as real estate agents, Realtors and title insurance companies to steal consumers’ closing costs. Well, that was last March, but it appears that scammers are still finding new victims to take advantage of.
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  • ALTA urges CFPB to warn consumers about real estate funds phishing scams

    Schemes involve hackers posing as agents, title companies to steal mortgage funds
    Last year, the Federal Trade Commission and the National Association of Realtors warned consumers they could be the next victims of growing trend of mortgage closing cost phishing schemes. But, according to the American Land Title Association, that warning was not enough to fully prevent future schemes from being successful and consumers are still falling victim to the phishing scams.
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