According to a new State of Wire Fraud report from CertifID, consumer real estate payments were the most consistent target during 2022, with cybercriminals especially focused on cash-to-close payments.
Of the recovery requests for wire fraud last year, 41 percent were buyer cash-to-close transactions, 24 percent were mortgage payoffs, and 11 percent were seller net proceeds, according to CertifID.
Read on to find out more.