Items Tagged with 'phishing scam'

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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  • Monday Morning Cup of Coffee: Lenders closing low down payment mortgages at 7-year high

    [Photos] Expanding Florida sinkhole condemns another two homes
    This MMCC is jam-packed! NAR warns of yet another phishing text scam to Realtors. Also, the Trump administration announced reducing the mortgage interest tax deduction isn’t off the table. But it could always be worse. You could lose your home entirely to a Florida sinkhole.
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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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  • Realtors beware: There's another phishing scam out to get you

    Here's what to do if it happens to you
    Realtors once again find themselves susceptible to another scam that threatens to con them into paying fines. The National Association of Realtors warned its members this week about this new phishing scam that is targeting its members. And unfortunately, this isn’t the first time a scam has happened like this toward real estate agents.
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