Realtors®, Real Estate Brokers, Buyers and Sellers are targets for wire fraud and many have lost hundreds of thousands of dollars because they simply relied on the wire instructions received via email. A hacker will break into a licensee’s email account to obtain information about upcoming real estate transactions. After monitoring the account to determine the likely timing of a close, the hacker will send an email to the buyer, posing either as the escrow agent or as the licensee. The fraudulent email will contain new wiring instructions or routing information, and will request that the Buyer send funds accordingly. >> Learn how to be WireSafe
Too Much Washington Is What Ails U.S. Manufacturing pm EDT Popular on the left is this trope that Washington’s unwavering commitment to free markets is responsible for the demise of America’s once mighty manufacturing sector. A mutation of that...
Dow Hits 40,000: On The Road To 1,00,000? pm EDT In a stunning display of resilience, the Dow Jones Industrial Average recently surpassed the 40,000 milestone, a feat that seemed improbable just two years ago when the Federal Reserve began...
The Dow Jones hits 40,000 for the first time. What to know about this major milestone The Dow Jones Industrial Average surpassed 40,000 points on Thursday for the first time ever, signaling a strong endorsement of the health of the U.S. economy. The trigger that drove the market to a...
If My Bank Fails, What Happens to My Money? ...out money -- a cycle that eventually dooms the institution. However, the FDIC pointed out that the bank also failed “to mitigate interest rate risk.” When the Federal Reserve started hiking rates...