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Anatomy of Mortgage Spear-Phishing Campaigns

Cyber criminals are taking advantage of the new home builds and sales by hacking into accounts through email.

By Roy Urrico | Updated on August 01, 2017

According to new numbers from the U.S. Commerce Department released recently, new home builds and sales are rising, which could mean a big opportunity for mortgages and unfortunately, cyber criminals.

Increasingly, malicious hackers are spoofing emails as part of a spear-phishing attack designed to trick home buyers into wiring money into the hacker’s bank account. The FTC even issued a consumer advisory, warning of scammers phishing for mortgage closing costs.

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Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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