Mr Abbott said that when the email account of someone involved in the transaction gets hacked, the message can appear to have originated from someone other than the actual source, or the criminal can email the victim directly with wiring instructions and write with authority, having monitored all the previous messages between the actual participants in the deal.
Also, contact your local FBI office to file an official report with law enforcement, or at the very least, file an online complaint with the bureau's Internet crime complaint center."If your bank requests a police report, you can use a copy" of the online complaint, Ms Daffan said."I see a lot of instances of wire fraud taking place towards the holidays and right before the weekends," said Mark Hakim, a real estate lawyer at Schwartz Sladkus Reich Greenberg Atlas LLP.
"While you may have taken every precaution in the world to safeguard your email platforms, you never know what measures have been taken on the other end," Mr Hakim said."A broker having a cappuccino at Starbucks might be on their laptop sending sensitive emails using a public Wi-Fi network that's been intercepted."
"If you can't afford a VPN service, connect to a personal hot spot from your device instead of using a public network," Mr Konfino said."At the very least, check that the certificate for each site you use is valid, by clicking on the padlock icon to the left of your browser next to the web address." A list will appear stating whether or not the connection is secure and the certificate is valid.
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