The real estate industry is facing a $173 million problem. That, according to the FBI, is how much consumers lost to real estate fraud in 2024. It’s a 19% increase from the previous year, and many analysts expect that number to keep rising in the coming years, spurred on in part by AI. AI is […]
How AI-powered scams are targeting real estate deals Read More »
Following U.S. airstrikes against Iranian nuclear and military infrastructure over the weekend, the United States faces an escalated cyber threat environment, with warnings issued for potential attacks against U.S. networks, including financial institutions. U.S. Defense Secretary Pete Hegseth and General Dan Caine, chairman of the Joint Chiefs of Staff, confirmed the attacks targeted Iran’s two
Banks face heightened cyber threat after U.S. bombs Iran Read More »
Mortgage scam reports have soared in recent years, opposite of the housing market’s slowdown. The industry as of April was reporting 71 mortgage scams per month, up from just 14 per month in 2022 at the tail-end of the refinance boom, according to BackOffice Pro, a business services organization. While real estate companies disclosed losses
Mortgage scam reports are soaring despite the slowing market Read More »
President Donald Trump has signed an executive order that claws back a number of fraud-related mandates by his predecessor, who the Trump White House claimed had engaged in “censorship” and enabling illegal immigration. The order, which was signed on Friday, preempts multiple efforts initiated by former President Joe Biden in the waning days of his
Trump rolls back some Biden cyber and fraud directives Read More »
Forged checks, false occupancy claims and scams on senior citizens are among the schemes lenders should be aware of as growing interest in home equity lending catches the attention of fraudsters. While home equity lines of credit have been available for decades, the rapid acceleration of mortgage rates over the past three years is raising
What fraud risks do HELOCs pose? Read More »
Google has launched a joint effort with the Financial Services Information Sharing and Analysis Center, or FS-ISAC, that will combine the search giant’s threat detection capabilities with FS-ISAC’s network and intelligence sharing to prevent fraud within the financial sector. The program, announced Wednesday, is dubbed the Financial Services branch of Google’s Priority Flagger Program, according
New partnership helps banks flag fraud on Google Read More »
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