… this is what Fidelity is telling its clients in the document: << A fraudster will hack into a participant’s email account to obtain information about upcoming real estate transactions. After monitoring the account to determine the likely timing of a closing, the fraudster will send an email to the Buyer purporting to be the escrow agent or another party to the transaction. The fraudulent email will contain new wiring instructions or routing information, and will request that the Buyer send funds to a fraudulent account. >>
I think it is the e-mails of the TCs getting hacked. It's far easier to target a bunch of TCs than e-mails of everybody in the country buying real estate. Notice that Fidelity said a fraudster will hack into "a participant's" e-mail, which I take to mean includes the TC, since they are "a participant," too. And since many emails are all the same: example Susie@fatco or Bob@ReMax or whatever... that's plenty easy to hack …
But the thing I objected to was Fidelity inferring that the misdirection of funds was the fault of careless stupid buyers. |
