Threat Spotlight: Spear Phishing for Mortgages — Hooking a Big One

But what if that breath got delayed, or worse — never came because a cybercriminal interfered with the process and had the loan payment wired to them instead of the seller? This nightmare scenario can have substantial financial consequences for the homebuyer. They could end up losing the house, a whole lot of money, personal information, and much more. Sadly this is a real scenario, and as spear phishing attacks continue to increase — people, businesses, and brands should be on high alert. In this month’s Threat Spotlight, we take a look at a recent attack attempt that was made at the eleventh hour of a mortgage deal in an effort to trick a home buyer into wiring a large payment into the wrong hands.