The Downpayment Scam-Home Buyers Beware
from InfoTrak
Scammers have devised a new scheme to steal thousands of dollars from home buyers who are about to close on a house. Ryan Kalember, Senior Vice President of Cybersecurity Strategy for online security company Proofpoint said buyers are often tricked into wiring their down payment on the day of closing to a fraudulent offshore account, by criminals who have hacked their real estate agent's or title company's email account. He explained how consumers can protect themselves.
Embed this episode
No transcript yet.
Frequently asked questions
When was this InfoTrak episode published?
This episode was published on January 10, 2024.
Can I download this InfoTrak episode?
Yes. Use the download control on the episode player to save the publisher-provided media file.