Opportunities for Cyber Crime – Red flags to look for

Alicia Schaub

It is very important in our industry to be aware of cyber attacks and know what signs to look for so you can protect your clients.

Commonly, phishing attacks are in the form of an email asking for personal information or sending a link for you to mistakenly open and allow the hacker into your system. If an email seems suspicious, it is always best to verify that the sender of the message is legitimate.

Phishing attempts are frequently designed to impersonate an employee at a title company or lender or some other party in a closing transaction. The end goal is to change where the funds are going and into the perpetrator’s account. The email often states that the wire instructions have changed.

Here are some red flags to watch for:

  • Unrecognized sender
  • No personal greeting to the recipient
  • Noticeable Grammar and spelling mistakes
  • Requests for login credentials
  • Link doesn’t show the destination
  • Contains a sense of urgency
  • Misspelled addresses, e.g., johndoe@fiirstam.com
  • Discrepancies in signatures

Cyber attacks can happen to anyone, so it is important to pay close attention to every email you receive and to verify, verify, verify!

By Alicia Schaub

Alicia Schaub is Access Title Agency’s on-staff attorney for the Traverse City and Suttons Bay, Michigan offices. She graduated cum laude from Western Michigan University Cooley Law School and is licensed to practice law in the State of Michigan. Contact info: aschaub@accesstitleagency.com or (231) 539-1203.

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