In the past few weeks, there have been multiple cyber thefts targeting individuals who were making expensive purchases. Two of the incidents specifically targeted members making real-estate transactions, during which cyber-criminals impersonated the victims’ business associates, provided wiring instructions and successfully convinced the victims to direct large sums of money into the thieves’ accounts.
Though there does not appear to be any connection between the incidents, and while this may not indicate a criminal trend, we want to help you protect your assets from such a threat. For example, we strongly encourage you to always confirm payment instructions by phone with someone you know on the seller’s team before sending any money. Click here for more protection tips.
At Madison, we offer cyber and identify fraud protection. Contact one of our agents to learn more about the coverage that’s right for you and your business. For more information, go to https://www.madisoninsurance.com/insurance/corporate/cyber-liability/.
Glenn Niccolai, Managing Partner
Madison Insurance Group