Online money scam has become more sophisticated overtime – especially in the digital age nowadays. Home settlement, a huge family investment is now being used as the latest online money scam bycyber thieves.This works by a cybercriminal sending an email to the person doing a home settlement with different set of instructions, directing the client to wire the money to a separate account. And before the client knows it, he has wired a ton of money to a thief’s account.
Every client can avoid to be victimized by this fraud by not sending delicate information such as financials over the email and verifying everything before wiring any money to any account. Always clean up your email for any pattern that can hook a hacker. Change your password regularly and install an updated anti-virus. Lastly, report any case.
Source: Washington Post