Mortgage Wire Fraud

Fallout from the Change Healthcare Breach, Mortgage Wire Fraud What You Need To Know

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In episode 353, we discuss the February 2024 ransomware attack on Change Healthcare, resulting in the largest data breach of protected health information in history. Notifications have been sent to 100 million Americans, including hosts Tom and Kevin. We explore the implications of this significant breach and whether paying ransoms is a viable solution. In the ‘Aware Much’ segment, Scott explains how mortgage wire fraud works and provides essential tips for real estate transactions to avoid such scams. Plus, a quick recap on our popular AI-powered toilet cameras episode.

** Links mentioned on the show **

Change Healthcare Breach Hits 100M Americans
https://krebsonsecurity.com/2024/10/change-healthcare-breach-hits-100m-americans/

Buyer Beware of Mortgage Wire Fraud: Here’s How To Not Get Scammed
https://www.realtor.com/advice/finance/mortgage-wire-fraud-how-to-not-get-scammed/

Additional Mortgage Wire Fraud Examples from the News
https://www.nj.com/news/2024/06/they-wanted-to-buy-a-home-but-they-lost-32k-in-an-increasingly-common-real-estate-scam.html
https://www.trisearch.com.au/a-conveyancing-transaction-gone-so-wrong/
https://fox4kc.com/news/problem-solvers/retired-teacher-and-daughter-scammed-out-of-200k-while-trying-to-buy-townhome/

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