“Real estate and title agencies are being warned about a new fraud scheme in which email bandits target consumers who are in the process of purchasing a home.  An alert sent by First American Title to its agents.  In this scheme, the attackers intercept emails from title agencies providing wire transfer information for borrowers to transmit earnest money for an upcoming transaction. The scammers then substitute the title company’s bank account information with their own, and the unsuspecting would-be homeowner wires their down payment directly to the fraudsters.  This scam was laid out in an alert sent by First American Title to its title agents.”

http://krebsonsecurity.com/2014/04/phishers-divert-home-loan-earnest-money/

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