The rental market is booming in 2024, and with that comes an increase in rental scams. Scammers are taking advantage of the high demand for housing by targeting unsuspecting tenants with fake listings and fraudulent requests for security deposits. What are rental deposit scams? Rental deposit scams are a type of fraud where scammers posing […]
Amidst the Rising Demand for Rental Properties, Scammers Thrive The rental market in 2024 is experiencing an unprecedented surge in demand, driven by factors such as the pandemic’s impact on employment, rising housing costs, and the trend of urbanization. This heightened demand has created fertile ground for rental scammers to operate, preying on unsuspecting individuals […]
The quest for a new home can be an exciting yet daunting endeavor. As you navigate the sea of listings and open houses, it’s crucial to be vigilant against rental scams that prey on unsuspecting individuals seeking a place to live. In 2024, rental scams are on the rise, posing a significant threat to renters […]
Real estate and property scams are on the rise, with scammers using increasingly sophisticated techniques to target unsuspecting buyers, sellers, and renters. In 2024, there were over $396 million in reported losses from real estate and rental scams. 10 Types of Real Estate and Property Scams 2024 Here are 10 common types of real estate […]
What is Business Loan Fraud? Business loan fraud is any kind of deceitful action designed to gain a financial advantage during the loan process. This can include misrepresentation of financial information, submitting false documents, or making up fictitious business activities. Fraudsters typically target small businesses because they are often considered to be easier targets than […]
Vendor impersonation scams (fraud), also known as business email compromise (BEC) scam, is a type of cyberattack in which fraudsters impersonate legitimate vendors to trick employees into making unauthorized payments. These scammers often use sophisticated techniques to make their emails appear authentic, making it difficult for employees to distinguish them from real communications. Here’s a […]
One of the most serious threats to businesses is business identity theft (BIT), which occurs when criminals steal the identifying information of a business to commit fraud. BIT can have devastating consequences for businesses, including financial losses, damage to their reputation, and even legal liability. In today’s interconnected world, businesses of all sizes are increasingly […]
Ransomware scams are a type of cyberattack in which hackers encrypt a victim’s data and demand a ransom payment in order to decrypt it. The attackers typically send an email to the victim, claiming that their computer has been infected with a virus and that they need to pay a ransom in order to decrypt […]
What is Corporate Identity Theft? Corporate identity theft is when someone, typically a cybercriminal, illegally acquires and uses a business’s identifying information for fraudulent purposes. This may include stealing the business’s name, tax identification numbers, or corporate credit card information, among other things. Here are ten questions and answers about corporate identity theft: 1. How […]
Business Email Compromise (BEC), also known as Email Account Compromise (EAC), is a type of phishing attack that targets organizations, with the goal of stealing money or critical information. In a BEC scam, criminals send an email message that appears to come from a known source making a legitimate request, such as: The email may […]