Mile 62 by MoxiWorks Issue 34: April 2020 - The Solidarity Issue | Page 22

Barbara Corcoran herself was victim of a
phishing scam in February of this year and nearly
lost $400,000.
7 Tips to Keep Your Business & Clients
Safe from Phishing, Scam, and Fraud
Attempts
Verify all requests of a change in payment type
and location.
Scammers often request that payments that are
originally scheduled for check deposit be made
via wire instead. Also, they request changes to
the original recipient’s financial information. Real
estate professionals and their clients should call
their main contacts for verification whenever they
receive information via email that is involving
financial changes or financial solicitations.
“Be wary of any communication that is
exclusively email based and establish a
secondary means of communication for
verification purposes,” via the US FBI.
Consider using a code phrase
Set a code phrase with clients. Victims have
reported also receiving phone calls from
scammers requesting personal information for
verification purposes. Have your client set a
phrase that, unless a third-party was told by
either the agent or client, would indicate the
scammer was illegitimate.
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Watch out for suspicious links
You can hover over hyperlinks in emails on your
computer. If the URL looks sketchy, is ridiculously
long, or connects to an unrelated sounding
wepage - chances are it’s a scam. Call the sender
directly to verify the message.