Phishing and social engineering attacks to divert wire transfers or invoice payments are not new fraud techniques, but they have recently taken a back seat to ransomware as posing the greatest ...

CHICAGO (WLS) -- Imagine saving for years for a new home and then having your down payment disappear in the blink of an eye. Real estate wire fraud is now among the fastest growing scams in the U.S.

Tim Myers was about to close on a home in Fort Wayne, Indiana, when the email he’d been expecting popped into his inbox. His mortgage loan officer sent wire instructions for his down payment, along ...

According to the Association for Financial Professionals’ Payment and Fraud Controls report, 2017 was a record year for payment fraud. The tactics employed by scammers and other malicious outsiders ...

Wire fraud is a crime involving schemes to defraud or obtain money, property or services through electronic communications such as telephone calls, text messages or emails. In real estate, fraudsters ...

Financial institutions continue to battle cyberattacks, particularly hackers who tap into the fiscal electronic freeway used to move large sums of money for real estate deal closings and other ...

If you feel as if spam emails and phone calls increased astronomically in 2020, you’re not wrong. It’s not just you deleting hundreds of fraudulent emails and ignoring a barrage of fake phone calls.

When Maryland residents Roger and Shirl Lynn Butschky sold their home in East Naples more than a year ago, they didn't get their money after the closing. Every dime — more than $450,000 — went to a ...

Use a Wire Transfer Request form to pay foreign vendors who do not bank in the United States. In other words, wire transfers are meant to send monies internationally, otherwise your payments can be ...

Sometimes you need to send money somewhere fast. Wire transfers are one of the most effective and quickest ways to move money for things like closing on a home or sending fundsto relatives abroad.They ...