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Cybercriminals are employing a devastating fraud scheme that leaves victims in financial ruin and despair. (fedia.io)

submitted 1 week ago by [email protected] to c/[email protected]

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Cybercriminals are employing a devastating fraud scheme that leaves victims in financial ruin and despair.

#cybercrime #CyberSecurity #breach #infosec

https://cnews.link/email-compromise-scheme-robs-home-buyers-1/

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[–] [email protected] 4 points 1 week ago

They (Cybercriminals) breach real estate agencies, intercept emails, and lurk, waiting until the final moment when home buyers are ready to make a down payment.

That is 100% the real estate agencies that are at fault here and they should reimburse the people they helped defraud by having poor security and worse practises.