Real Estate Lawyers Have Become Big “Phish” for Cyberfraudsters | Attorney at Work

Cyberfraud is a major issue in any industry, but especially in real estate where property transactions can net a hacker hundreds of thousands of dollars in a single wire diversion. Attorneys who practice real estate law and their clients have become prime targets for hackers. According to published FBI data, $969 million was diverted or attempted to be diverted to “criminally controlled” accounts in real estate transactions in fiscal year 2017. Compare that with 2016, when comparable real estate wire transfer frauds amounted to just $19 million.

In the fight against real estate cyberfraud, it’s important to know how you are most susceptible and the steps you can take to limit risk — for both you and your clients.

Read on: Real Estate Lawyers Have Become Big “Phish” for Cyberfraudsters – Attorney at Work