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Last month, fraudsters swung big. Our Fraud Recovery Services hotline received over $22 million in reported wire fraud losses in February alone. Several transactions targeted were multimillion-dollar deals. Why the sudden surge? The market’s thawing, and scammers know buyers are eager to get off the sidelines. Two trends stand out: 🔺 Buyer cash to close fraud is spiking. → Over 50% of activated FRS recoveries were buyer cash to close fraud. Uneducated buyers continue to make BCTC fraud an incredibly successful tactic. 🔺 Account takeover/Bank impersonation fraud is rapidly emerging. → Fraudsters are posing as your bank’s security team to hijack your account—complete with spoofed caller IDs that actually match the bank’s official number listed on the back of your card. They're even asking victims to confirm the number on the back of their cards to "validate" the call. The U.S. Secret Service and major banks have confirmed an increase in attacks. How to protect yourself: 🔹Be wary of anyone who calls you claiming to be from bank security. Hang up the phone, find your bank’s actual fraud department phone number online, and call them directly to confirm. 🔹 Inform clients of these risks, and always—always!—verify bank details. (At CertifID, we can do that for you.) Have you or your team experienced these threats yet? Drop your story or thoughts below. 👇