Monthly Archives October 2022

      FundingShield Q3 2022 Fraud Analytics Commentary from FundingShield’s CEO Ike Suri Wire and title fraud risk reached a new record in the third quarter of 2022 at 47.9% of transactions having at least one risk issue. With the contraction in market transaction volumes the impact is that much more severe for lenders where a single wire or title fraud event could be catastrophic. Business email compromise (BEC) attacks in real estate have appeared in media outlets such as Bloomberg’s recent article that shed light on this blind spot that has been overlooked from a risk prevention perspective.
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