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No one wants to fall prey to scam artists. Better guidance from real estate agents would be a big help. After all, a staggering fifth of fraudulent money transfer requests pretend to be coming from real estate professionals.
So, why aren’t clients getting stronger warnings?
Continue reading “Say the F Word: Real Estate Agents Need to Warn Us About Fraud”
Real estate transactions involve large money transfers. Creative swindlers love those. And now, progress in artificial intelligence (AI) brings new opportunities for real estate fraud.
Shady actors are using real people’s voice or image samples to create recordings and persuade buyers and sellers to respond to questions with key information. Then the scammers hijack the target’s accounts. That’s right. A new breed of AI-powered wire fraud can manipulate familiar voices and grab online pictures to create whole recordings — just to get at people’s funds.
Remaining in the dark is not an option. To keep transactions safe, what do we need to know?
Continue reading “Now It’s the Deepfakes. Protect Deeds and Accounts From AI-Generated Imposters”