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BEC scammers stealing millions from home buyers

07
Nov
2017
BEC scammers stealing millions from home buyers

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Business Email Compromise (BEC) scams have been on the rise for the last few years, and no industry is safe from these scammers.

It has been revealed last week that art galleries and collectors are being actively targeted, and recent reports by The Washington Post and CNBC show that email accounts of home buyers and sellers, lawyers, real estate, title and escrow agents are increasingly being compromised by scammers, and access to them misused to redirect wired money to accounts under the scammers’ control.

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