Wire Fraud Advisory
Have the right team on your side for your co-op contracts when you work with the professionals at Bot24. Our wire fraud advisory in Great Neck, NY, is designed to safeguard you during the transaction process.
Wire Fraud Advisory
A primary goal of Bot24, Inc is not only collecting, collating, and copying co-op board packages for our clients but reducing their liability. We do this by safeguarding and instituting several countermeasures in order to protect the critical data of buyers/sellers. Of course, our clients choose our services because of our seamless, cost-effective solution, allowing them to focus on obtaining additional clients, listings, etc. However, they also know that security is of vital importance which is why many of our clients choose us for their co-op board packaging needs. For the benefit of your clients and yourselves, please read the following wire fraud advisory below:
It is important for buyers and sellers to practice caution when wiring funds in real estate transactions. Criminals/hackers will target email accounts of brokers, salespersons, and others involved in the transaction. In countless situations, they have intercepted emailed wire transfer instructions, obtained account information, and can use emails to redirect the funds to a different account.
To protect their data and funds, buyer and seller are advised to follow these tips in every transaction:
- Never wire funds without confirming the routing number and account number with the intended recipient.
- Verify that the contact information is legitimate. Both the buyer and seller should contact each other with a phone number not listed in the email.
- Never send personal information, including social security numbers, bank account numbers, and credit card numbers, without going through a secure/encrypted source.
- Create strong passwords and only use secure Wi-Fi connections.
- If you suspect that you have been victimized by wire fraud, it is vital that you immediately contact your local FBI field office or file a complaint online at www.ic3.gov.
- If you believe you have received questionable instructions, immediately notify your bank, escrow agent, and your real estate professional.