Real Estate-Related Email Fraud Costs Record Dollar Losses

National Mortgage News, June 15, 2023–Brad Finkelstein (subscription)
Business email compromise scams related to real estate set a record for dollar losses in 2022, as the number of cases reported to the Federal Bureau of Investigation rose for the second consecutive year.
The 2,284 complaints received last year, the second most ever, lagged the all-time high of 2,593 set in 2018. In 2021, consumers reported 2,149 incidents.