San Francisco Firm Offers Solution to Lock Hackers Out of Home Sales
Summary
Its a story weve shared many times on NBC Bay Area since last year: homebuyers losing down payments of tens or hundreds of thousands of dollars to crooks. Thieves hack into transactions, spoof agents email addresses, and dupe the victims into sending their entire down payments overseas. Our investigation has show many agents still communicate with personal email, which the FBI has warned them hackers can easily infiltrate. The large real estate groups could require agents to use secure software, and make it a condition of membership. The National Association of Realtors told us it is addressing the scam, with agent training, warnings on its website, and this YouTube video .
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