Phishing

Phishing is fraudulent attempts to obtain sensitive information by impersonating a trustworthy entity in electronic communication.

MORTGAGE FRAUD and Phishing

Let me give you an example… A sweet lady lost her husband of 50 years and wanted to downsize her big house into something that was more manageable. She sold her house and found a new, smaller home. Then, the big Closing day was approaching. The Wednesday before she was to close, she received an email from her mortgage lender that read “…in order for the closing to happen, (you) need to send a cashier’s check TODAY!” to the address provided in the email.

So, unknowingly, she went to the bank and tried to withdraw the funds. Thankfully, the teller was trained to spot “scams” and together they called the mortgage lender only to learn this was Email fraud! The hackers “learned” she was in the process of buying a house and duplicated the lender’s logo, address, and their email format, so the lady did not realize it was a fake email!

Hackers are sneaking little blood-sucking vampires! Unfortunately, there are THOUSANDS of stories like this, of normal people, living their normal lives, and are taken advantage of by BAD GUYS.