Hackers target real estate deals, with devastating impact

[truth_seeker]

Hackers target real estate deals, with devastating impact

Rob Lever
,AFP•September 22, 2018

"Washington (AFP) - James and Candace Butcher were ready to finalize the purchase of their dream retirement home, and at closing time wired $272,000 from their bank following instructions they received by email.
Within hours, the money had vanished.
Unbeknownst to the Colorado couple, the email account for the real estate settlement company had been hacked, and fraudsters had altered the wiring instruction to make off with the hefty sum representing a big chunk of the Butchers' life savings, according to a lawsuit filed in state court.
A report by the FBI's Internet Crime Complaint Center said the number of victims of email fraud involving real estate transactions rose 1,110 percent between 2015 to 2017 and losses rose nearly 2,200 percent.
Nearly 10,000 people reported being victims of this kind of …..

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BTW we were instructed in our real estate office, that the most vulnerable practice involved using free email accounts like Gmail.com, which are not secure.

gmail.com is part of "free" services, that big, wonderful Alphabet "gives" you so they are 100% trustworthy.


Go ahead and rely on companies and services like them. Their motto is "do no evil," which sounds like a "foundational principle," btw.


Google, Facebook, Twitter and your trusty unregulated markets will take good care of you.

Just ignore that Google complies with the Communist Red Chinese govt, to access their market.

So don't let anybody break up or regulate the monopolies. Google, Facebook and Twitter are marvelous tools, for the training of your children.

Plus they give you free stuff like email.

We now return you to your regularly scheduled topics of personal insults, and rehashing the 2016 primaries ad infinitum.

https://www.yahoo.com/news/hackers-target-real-estate-deals-devastating-impact-015558592.html

[roamer_1]

BTW we were instructed in our real estate office, that the most vulnerable practice involved using free email accounts like Gmail.com, which are not secure.

gmail.com is part of "free" services, that big, wonderful Alphabet "gives" you so they are 100% trustworthy.


Go ahead and rely on companies and services like them. Their motto is "do no evil," which sounds like a "foundational principle," btw.


Google, Facebook, Twitter and your trusty unregulated markets will take good care of you.

Just ignore that Google complies with the Communist Red Chinese govt, to access their market.

So don't let anybody break up or regulate the monopolies. Google, Facebook and Twitter are marvelous tools, for the training of your children.

Plus they give you free stuff like email.

ANYONE who follows instructions or links from email in any official, not to mention financial endeavor, is a complete moron.

[roamer_1]

To anyone dimwitted enough not to know, email is just like postcards. Unless encrypted, anyone can read them. Messengers likewise, having nearly the same protocols.

THE ONLY WAY to respond to unsolicited official materials offered by email is to call the company directly, using a number NOT acquired from the body of the email...

THE ONLY WAY to respond to unsolicited financial or health information offered by email is to call the company directly, using a number NOT acquired within the body of the email, and read them the riot act, to include the threat of lawyers.