Steps To Take When Escrow Funds are Stolen via Cyber Fraud
Posted on December 11, 2019

Steps To Take When Escrow Funds Are Stolen Via Cyber Fraud

Currently, the Internet has become an indispensable resource to carry out our daily activities. Since not only do we look for information, it also facilitates us to send files, documents, and even money regardless of what part of the world is required to post. But as the use of this tool grows, frauds are also more common. People who commit Cyber Crime use electronic means to deceive you into obtaining an undue benefit. Although by doing so by these means, there is no physical deception, there is a violation of privacy and misuse of the information collected significantly during escrow funds. 

If you are one of those who regularly carry out transactions on the internet, you must establish different security measures to avoid falling into escrow fund fraud, since all they want is to obtain your personal information to damage and jeopardize your assets.

Here are some types of Cyber Crime so you can identify them and be prevented from any threat.

·      PHISHING

Phishing is one of the most common because whoever does it obtains your confidential information to later impersonate you, without you noticing. It is usually through an email, which contains logos and emblems of a Financial Institution, so you do not doubt its origin. 

·      PHARMING

Through a link, they redirect the consumer to a fake page to proceed with the scam. Do not fall for contests or offers that promise rewards, check their origin before entering your data. Ignore the pop-up windows that congratulate you on having won a prize, trip or raffle, since they usually direct you to fake websites where your data is required to grant you the reward.

·      SPAM

Also known as junk mail, it is an email with deceptive content that is sent to one or more recipients who did not request it. The purpose is to download a file that is usually a virus that steals information from your device.

Measures To Protect Yourself From Escrow Funds To Get Stolen Via Cyber Fraud

  • Do not provide your Personal Identification Number (PIN), or any other personal information that is linked to your finances.
  • Change your access passwords.
  • If you need to open a personal account on a public computer, be sure to close it before you leave.
  • Avoid making shopping sessions or electronic transfers on public or shared computers.
  • Before throwing away any document that has personal or financial information, destroy it entirely, and verify that no data can be extracted.
  • Keep in mind that no Financial Institution requests personal or confidential information by email or phone.
  • Do not click or open suspicious links.
  • Do not answer any suspicious email from unknown senders to grant you the reward.
  • Verify that the site you are browsing has the security protocol “https: //” and a closed padlock in the address bar.
  • For no reason, enter your passwords, especially banking, in places that you reached by an email link or instant message. 
  • Protect your computer or mobile device with security software (antivirus).
  • Make sure your passwords are secure, do not put birth dates or any personal data that is easy to guess.
  • If you download applications, do it through official stores and developers.
  • If you experience more than two of the above situations, your escrow funds may be at risk. Remember that nobody is exempt from being a victim of Cyber Crime and preventing is always better than facing a bigger problem in the future.

Call a Lawyer:

In case of facing a fraud problem, it is advisable to contact Cyber Fraud Lawyers to resolve and avoid further damage. Call our team of Cyber Fraud Lawyers today to discuss and to receive advice. She will assist you in covering insurance coverage with law enforcement channels so that the lawsuit can be filed. 

Finally, do not forget to monitor your accounts for some time to avoid possible surprises.

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Gerri Wiebe