Phishing Attacks Make Mortgage Wire Fraud Easier

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The stress of obtaining a mortgage has just gotten worse, thanks to cybercriminals trying to con you out of your money.

In new attacks targeting companies involved in the mortgage lending process, cybercriminals have found a lengthy, but very sneaky way to commit wire fraud at a time when tensions are high, and the victim is highly motivated to participate.

Because many mortgage transactions complete with a wire of tens or hundreds of thousands of dollars, real estate firms, brokers, and other firms involved in closings have become the target of phishing scams aimed at obtaining credentials using fake sign-in pages.

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