Title companies fighting cybercrime to protect the American dream
Housing Wire
APRIL 30, 2025
Real estate transactions typically involve large sums of money, which makes them an attractive target for cybercriminals who use wire fraud and business email compromise (BEC), a scheme where legitimate business email is compromised to convince unwitting victims to transfer funds, as their favored tactics. The FBIs Internet Crime Complaint Center (IC3) report found BEC scams resulted in losses of $2.9 billion in 2023.
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