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Posted by BobbiCT on 10/12/17 6:46am
Call your hiring company and tell them about the call. WAY OVER my personal liability.
Daily I receive e-news and alerts about various wire fraud scams, including security needed when sending and receiving wire instructions. Where I am, ours are super password protected and require a telephone call to a specific number (GIVEN OVER THE PHONE, not in an e-mail) to verify the information in the document.
Simple question for you: How do YOU KNOW that instructions in your package are still correct? Maybe they weren't sent because 1) there has been a change in the figures that does not require a re-draw, just a revised CD or 2) the escrow account or agent has changed since the documents were drafted.
Note. Most of the hacks appear to be through the individual client's e-mail; i.e., it wasn't the title company, lender or the law firm, the damage was done by a hacker squatting on an individual's e-mail account and just waiting for the right opportunity to strike - then having more than enough "facts" to imitate a party to change wire instructions either incoming to the borrower or outgoing from the borrower. The "squat and wait" hacker is more scary to me.
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