The stories regarding hacked email accounts, forged wire instructions, cyber fraud and other risks continue to be reported at an alarming rate. Protect yourself, your business and your customers by sharing these helpful tips. In the cyber world, criminals are communicating with you posing as your customers. Worse, they are communicating with your customers posing as YOU.
DON’T BE A VICTIM! VIGILANCE AND A HEALTY DOSE OF SKEPTICISM ARE THE BEST WEAPONS IN THE BATTLE AGAINST CYBER FRAUD
Wire and other disbursement instructions received by email should be confirmed by telephone at a known or independently- confirmed number, NOT the telephone number at the bottom of the email you are trying to confirm.
Be especially skeptical of any change in wiring instructions from us or any parties involved in the transaction. How often do people and businesses change their wire instructions? Specifically, if you receive an email or any other communication that appears to be generated from our office, containing new, revised or altered bank wire instructions, consider it suspect and call our Vanguard Title office at a number you trust.
Confirm the account to which you are wiring is in the name of the party entitled to the funds; encourage buyers and sellers to do the same.
Be suspicious of emails from free, public email account domains that pertain to the movement of money, as these email accounts are often a source of risk.
Consider what email account domain you use for any financial business. As stated above, the free, public email account domains are a target for cyber-thieves and, without additional levels of security, are particularly vulnerable to attack.
Watch out for phishing emails with embedded links, even when they appear to come from a trusted source.
Vanguard Title protects customers from real property title defects and forgeries by providing accurate real estate data, quality escrow services, and insurance against losses. Contact us today at either of our locations – Auburn Hills (248) 751-1000, or Brighton (810) 225-8461.