Cybercriminals are employing a devastating fraud scheme that leaves victims in financial ruin and despair. (fedia.io)

submitted 1 week ago by cybernews@infosec.exchange to c/cybersecurity@fedia.io

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Cybercriminals are employing a devastating fraud scheme that leaves victims in financial ruin and despair.

#cybercrime #CyberSecurity #breach #infosec

https://cnews.link/email-compromise-scheme-robs-home-buyers-1/

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[-] MummifiedClient5000@feddit.dk 4 points 1 week ago

They (Cybercriminals) breach real estate agencies, intercept emails, and lurk, waiting until the final moment when home buyers are ready to make a down payment.

That is 100% the real estate agencies that are at fault here and they should reimburse the people they helped defraud by having poor security and worse practises.

this post was submitted on 12 Nov 2024

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