Protect Yourself From Wire Fraud

Four ways you can protect yourself and your savings from cybercriminals.

After saving money for your dream home for what seems like forever, the last thing you want is for your life savings to be taken away from you by cybercriminals just days before you close on your home. Unfortunately, this is a growing threat to the real estate industry, but you can protect yourself from these cyber attacks.

Question Changes.

Oftentimes, scammers will try to pose as your real estate or closing agent to communicate last-minute closing changes with you. These cyber crimes can be difficult to detect, so if you’re experiencing this, contact your real estate of closing agents to verify whether these changes are real or not.

Work With Trustworthy Agents

You’ll be working closely with your real estate and closing agents, so you’ll want to make sure you can rely on them to accurately inform you on closing and payment details. When you meet your agents for the first time, get their names and the best form of contact information written down. This way, if anything “changes,” you can call them to see what’s going on and protect yourself against all cyber threats.

Avoid Sending Sensitive Information Via Email

Cybercriminals take advantage of email communication and will often use fake emails and links to steal sensitive information, like your social security number or bank account information. It’s best to avoid sending sensitive information through email.

Request a Wire Recall

If you do fall victim to a wiring scam, call your bank immediately to request a wire recall, and file a complaint with the FBI’s internet crime complaint center. 

Wire fraud can happen to anyone, but knowing how you can better protect yourself and your savings can help you close with confidence and without the heartbreak of cybercriminals taking away your future home and your money. If you do fall victim to wire fraud, don’t worry. We’re here to help you with that, too. Contact us today to learn how we can help.