This scam is rampant throughout the country, including South Florida – none of us are safe. Fraudsters hack emails or spoof domain names to redirect deposit or closing funds to fake bank accounts. With booming market and overseas buyers, these scams are on the rise.
From CertifID.com and according to the FBI, business email compromise (BEC) remains the second most profitable scam in cybercrime—bringing in $2.77 billion in reported losses last year alone. And that’s just the cases that made it to the IC3.
Protection tips:
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Call your title or escrow officer at a verified business number—not the one sent via email—to confirm wiring instructions.
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Never copy/paste wire details from email or text. Double-check everything.
Work with companies that prioritize strong cybercrime controls. Our office utilizes sophisticated technological tools while also partnering with CertifID.com for added security – something most of our competitors still refuse to invest in.
“Meet your agent, tour the property, and verify wiring instructions personally—these are the simplest and most effective defenses.”