It's October AND National Cyber Security Month! We want to help you be wicked smart about keeping yourself and your information safe and secure, and what better time than now? Today's topic? Phishing. You've probably heard of phishing scams, but The National Association of REALTORS® warns against a phishing scheme that specifically targets homebuyers into handing over their settlement fees.
Here's how it works: First, a scammer hacks into your email account and your real estate professional's to find out about your closing. Then, pretending to be the real estate professional, the scammer sends you email with revised instructions for wiring over your closing costs. If you follow the instructions, the money will go straight to the scammer's bank account. Here's how:
4 tips to help you avoid phishing scams: