Realtors®, Real Estate Brokers, Buyers and Sellers are targets for wire fraud and many have lost hundreds of thousands of dollars because they simply relied on the wire instructions received via email. A hacker will break into a licensee’s email account to obtain information about upcoming real estate transactions. After monitoring the account to determine the likely timing of a close, the hacker will send an email to the buyer, posing either as the escrow agent or as the licensee. The fraudulent email will contain new wiring instructions or routing information, and will request that the Buyer send funds accordingly. >> Learn how to be WireSafe
Mixed economic forecast weighs heavy ahead of Midterms Heard on All Things Considered There was a mixed Halloween bag of economic news this week. GDP growth is up, but so are prices. For now at least, interest rates are staying the same. What does that...
Why isn’t China’s AI and tech boom saving its stock markets? The global artificial intelligence boom that has helped sustain Chinese economic momentum this year still can’t offset its domestic woes, particularly in its stock market. ...the country to expectation-beating third-quarter growth, stagnant domestic consumption and a prolonged housing market downturn continue to drag. About 70% of Chinese household wealth is tied...