Avoiding Wire Fraud
At First National Title & Escrow, we understand a lot is at stake during the title and escrow process. As your trusted real estate title company in Rhode Island, we want to help clients prevent wire fraud. That’s why we put together this list of tips for avoiding wire fraud. It includes tips on what to look out for and what you can expect from us during closing.
At First National Title & Escrow, we take pride in being the leader in wire fraud prevention. Nothing is more important to us than taking the necessary steps to ensure all measures are taken to prevent those with nefarious intent from compromising our system.
Read on to learn tips that will help you avoid fraud during a real estate closing in Rhode Island.
Fraud Advisory
Wire Fraud and email hacking/phishing are on the rise and are real threats!
You must act diligently to protect yourself from becoming a victim of fraud.
For your security, please review the following items to help ensure the safe transfer of funds.
- The most common attempts to divert funds are an email that appears to be coming from the settlement agent informing you how to wire funds, or alerting you of a change to the wiring instructions. Note! We will never email you regarding wiring funds!
- They snip or simulate signatures and logos to make the email look authentic.
- This is not a real email and was not originated by FNTE and It is very possible your email account has been hacked.
- If you receive such an email you may want to consider changing your email password.
- DO NOT RESPOND TO OR FORWARD ANY EMAIL ASKING YOU TO CHANGE WHERE FUNDS ARE WIRED
- Before sending any wire call us to verify the instructions at 401-847-3080
- Use only verified wire instructions to send any funds.
- Educate yourself about consumer fraud by visiting the CFPB website.
FNTE is not responsible for wire fraud or the loss of funds resulting from altered wiring instructions or instructions from a non FNTE email account.
