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Transacting Business in the Age of Wire Fraud |
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This month's National Association of REALTORS® (NAR) Power Broker Roundtable discusses fraud and security strategies. Christina Pappas: The FBI cites wire fraud—and specifically business email compromise (BEC) scams—as the fastest-growing crime in the world, with losses to large and small companies and individuals soaring into the billions and complaints flooding law enforcement with increasing frequency from all 50 states and at least 79 countries. Cyber criminals are constantly on the lookout for new victims who they hope will wire them funds, and real estate transactions—for obvious reasons—are among the most vulnerable. With brokers looking for better ways to protect their clients and their companies ...
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