Page 6 - Nevada Top Requested Flyers

EMAIL FRAUD

RED FLAGS

Email fraud is on the rise, with hackers posing as real estate professionals or title companies
to trick customers into wiring closing funds to their accounts. Below are common “red flags”
associated with these schemes, and tips for how to avoid becoming a victim.

UNSECURE EMAIL ACCOUNTS PAYMENT INSTRUCTIONS
Be suspicious of any party that uses free, web-based email accounts Be wary of unusual payment amounts or payment requests to odd
for business transactions. These accounts are easily breached. parties, unusual persons or international wires.

CHANGES OR ANOMALIES Review the name(s) on all bank accounts. Does it match the name(s)
of the party(ies) involved? Is it worded strangely? Keep in mind that
Pay careful attention to all email addresses throughout the Old Republic Title does not wire funds to third-party bank accounts.
®
transaction to make sure they are legitimate. Hackers often email
from unsecure domains or fake domains that closely resemble Always verify changes to payment instructions and confirm
real ones (e.g. o1drepublictitle@OldRepubicTitle.com) to trick requests for transfer of funds from any party – especially last-
their victims. minute wiring changes from financial institutions.
Watch for sudden changes in grammar, terminology and verbiage. HOW TO AVOID EMAIL FRAUD
Be wary of spelling or grammatical errors, requests for secrecy or Slow down and read every email carefully –
pressure to take action quickly. even those that appear to come from a
Be suspicious of emails that arrive at odd hours of the day or night. trusted source.
Err on the side of caution. Assume anything suspicious is fraud.
Never reply to a suspicious email or act on any of the information
in the message.
Pick up the phone. Call all parties involved in the transaction using
previously known, verifiable phone numbers before closing. Do not
just confirm that the wiring instructions were changed, verify that
the account information in the instructions are correct.
If you suspect fraud, act immediately. Contact your local law
enforcement authorities, and file a complaint with the FBI’s
Internet Crime Complaint Center (IC3).

03/2021 | © 2021 Old Republic Title | OR1739-DI-AZ | Old Republic Title is providing this information as a free client service and makes no
warranties or representations as to its accuracy.
Old Republic Title strongly recommends that consumers obtain guidance and advice from attorneys specializing in Real Property Tax and/or
qualified Real Property Tax professionals to get more detailed, and current, on real property taxation as to any matters directly affecting them.