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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About KnowBe4
KnowBe4, the provider of the world’s most popular integrated new school security awareness training and simulated phishing platform, is used by more than 9,500 organizations worldwide. Founded by data and IT security expert Stu Sjouwerman, KnowBe4 helps organizations address the human element of security by raising awareness of ransomware, CEO Fraud and other social engineering tactics through a new school approach to security awareness training. Kevin Mitnick, internationally recognized computer security expert and KnowBe4’s Chief Hacking Officer, helped design KnowBe4’s trainings based on his well-documented social engineering tactics. Thousands of organizations trust KnowBe4 to mobilize their end-users as the last line of corporate IT defense.

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