The High Cost of Phishing Scams
Category: Fraud
Business Email Compromise (BEC) schemes are on the rise and real estate, particularly title businesses, have been singled out as a target for this type of fraud. Read the Forbes article, “Phishing Scams Cost American Businesses Half A Billion Dollars a Year”. https://www.forbes.com/sites/leemathews/2017/05/05/phishing-scams-cost-american-businesses-half-a-billion-dollars-a-year/#1a8b9bae3fa1
The FBI has published tips for helping to avoid this type of exposure in this Public Service Announcement. https://www.ic3.gov/media/2017/170504.aspx#fn3
