Texas REALTORS® 2018 Winter Meeting | Feb. 9-13 | Austin, Texas

Think you can spot cyber fraud? Think again

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10/13/2016 | Author: Editorial Staff

Scam emails used to be so obvious. Unfortunately, criminals have gotten more sophisticated, and their methods harder to spot. Instead of trying to trick you, they’re impersonating you in communications with your clients.

The scammers hack into your email and study your style of writing—salutations you use, phrases you repeat—then send messages posing as you to disrupt transactions. For example, they email the title company with wiring instructions to a fraudulent bank account.

Last week, the Texas Association of REALTORS® hosted a webinar featuring several experts who offered tips on protecting your business from cyber fraud. Below are a few takeaways from that session. You can download the slides or watch a recording of the webinar.

How to stop scammers from using your email to commit fraud:

  • Avoid sending sensitive information, such as wiring instructions, via email.
  • Inform all parties at the start of a transaction that you’ll never send sensitive instructions via email.
  • Regularly check your junk and spam folders for replies to messages you didn’t send.

Categories: Legal
Tags: cyber fraud, tech tip, legal, risk reduction, webinar

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Legal disclaimer

The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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