BBB warning of real estate scheme targeting home buyers

http://wpri.com/2016/05/17/bbb-warning-of-real-estate-scheme-targeting-home-buyers/

I know of one investor that this has happened to twice, his staff received an email that appeared to be an email from him instructing them to wire money for a closing.  The staff fell for it but fortunately he was able to identify it as a scam before wire went out.  Here is what is happening:

According to the BBB and FTC, hackers have been breaking into some buyers’ and real estate agents’ email accounts to get information about upcoming real estate transactions.

Then, the hackers send emails to the home buyers posing as a real estate agent or someone from a title company.

The scammers instruct the home buyer to wire closing costs to a certain account – and people are falling for it because the emails look official.