FBI Reports Home Closing Wire Fraud Is Spiking
There is explosive growth in wire fraud and it is coming from the most unlikely places – home closings. The FBI is reporting an explosive increase in wire related fraud where hackers infiltrate real estate agents email accounts, send fake emails and convince homebuyers to wire hundreds of thousands of dollars to their accounts with […]
Study Shows Lenders Have Highest Cost of Fraud
The lending industry has a higher cost of fraud than any other industry; that includes auto lenders, mortgage lenders, digital lenders and bank lenders. In their 2017 True Cost of Fraud study, LexisNexis interviewed 1,196 executives across hundreds of e-commerce merchants, banks and lenders and determined that lenders spent $2.82 in cost, fees, and interest […]