As Real Estate transactions are known to involve big ticket transactions - especially in Silicon Valley - hackers have been targeting people involved in transactions. Hackers go where the money is located.
A common scam involves hacking into a Real Estate Agent's email and instructing the buyers to wire their deposits and other funds to a different account than the one assigned by the Title Company. When something like this happens during the middle of a transaction in Silicon Valley, always verify any email with a follow up phone call.
Watch the video below to get a better understanding of how this fraud works and how to avoid being a victim.
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