Protecting Your Investment: Wire Fraud

Published on: 02.12.2018
Protecting Your Investment: Wire FraudDownload PDF

Every day, hackers try to steal your money by emailing fake wire instructions. Criminals will use a similar email address and steal a logo and other information to make it look like the email came from your real estate agent or title company. You can protect yourself and your money by following these steps:

Be Vigilant 

Call, Don't Email: Confirm your wiring instructions by phone using a known number before transferring funds. Don’t use phone numbers or links from an email.

Be Suspicious: It’s uncommon for title companies to change wiring instructions and payment information by email. 

Protect Your Money 

Confirm Everything: Ask your bank to confirm the name and the account before sending a wire.

Verify Immediately: Within four to six hours, call the title company or real estate agent to confirm they received your money. 

What to Do if You've Been Targeted:

  • Immediately call your bank and ask them to issue a recall notice for your wire.
  • Report the crime to www.IC3.gov.
  • Call your regional FBI office and police.
  • Detecting that you sent your money to the wrong account within 24 hours is the best chance of recovering your money. 

This is for informational purposes only and should not be considered legal advice. 
Revised 1/2018. 

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