Fake Emails are Becoming a Major Issue for Businesses

By
Services for Real Estate Pros with IDTheftSecurity.com Inc
https://activerain.com/droplet/5lBr

You might be surprised to know that more than 3.4 billion fake emails are sent around the globe each day. What does this mean? It means that almost every company out there is vulnerable to cybercrimes in the form of “spoofing” and “phishing.” On top of this, most companies out there have not protected themselves from this type of cyber attack. What’s even more interesting is that the vast majority of these emails are not coming from some foreign land, but they are coming from sources based in the US.

This all sounds pretty dreary, but it’s not all bad. Research is showing that many industries in the US are making strides against these fake emails, though some are working harder than others.

To get the data for this research, companies like Valimail is using data from internal analysis of billions of different email authentication requests. The company also used almost 20 million public records about email to publish its report.

This report shows that email impersonation, which made up 1.2 percent of all emails sent during the first quarter of 2019, is the favorite weapon of cyber criminals to get access to a network. They also try to get access to sensitive information and intellectual property.

Fake emails are a problem, and they are not blocked by cybersecurity defenses that are traditionally used.

These fake emails are one of the biggest sources of cyberattacks. As more businesses recognize email vulnerabilities, organizations should start using authentication technology to protect against fraudulent and untrustworthy senders.

The fact is this: too many cybercriminals are using fake emails to get through these defenses, and better methods to identify senders is needed to make sure that email is more trustworthy both now and in the future.

Protect Yourself

  • The e-mails usually contain at least one link they want you to click. Hover your mouse to see what the URL is. It may appear legit, but note the “http” part.
  • Reputable sites for giant businesses, such as Microsoft and PayPal, will have an “https” in their URL. The phishing link’s URL will usually not have the “s.”
  • A big red flag is if there are typos or poorly constructed sentences, but a phishing e-mail may also have flawless text.
  • Don’t be fooled by company logos, stock imagery, privacy policies, phone numbers and other formalities in the message field. It’s so easy for a hacker to put these elements in there.
  • Be leery of warnings or alerts that don’t sound right. Gee, why would your account be “in danger of being suspended”?

ROBERT SICILIANO CSP, is a #1 Best Selling Amazon author, CEO of CreditParent.com, the architect of the CSI Protection certification; a Cyber Social and Identity Protection security awareness training program.

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Kris Collis, Associate Broker 12/04/2019 02:23 PM
Topic:
ActiveRain Community
Tags:
email
online security
cyber crime
email security

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Rainmaker
544,857
Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Experienced Agent in Kansas City Metro area

Such a big issue!!  Really have to be aware of fake emails, spam, viruses, deep fakes...problems get larger every day.

Dec 05, 2019 01:26 PM #39
Rainmaker
267,607
Dan Derito
Success! Real Estate - Brockton, MA

Thanks for the information and tips Robert.  I know that the 's' at the end of https: is a security code. We should all be on alert on a daily basis for these crimes but, my concern is more about our senior friends and relatives who are apt to fall for these scams. 

Dec 05, 2019 02:44 PM #40
Rainmaker
170,342
Faye Y. Taylor
StepStone Realty, LLC - Floresville, TX
Homes for Sale Floresville, La Vernia & San Antoni

Some of my vendors have not gotten hip to the https yet.  One of my fellow realtors thought his website had the s but I pointed out it didn't so he had to follow up with his website provider.  But the fake ones are getting so good that one has to be very cautious. 

Dec 05, 2019 04:06 PM #41
Rainmaker
648,745
Debra Leisek
Bay Realty,Inc Homer Alaska - Homer, AK

Funny how there are 2 spam posts on this post! I reported them last night but they are still here. I appreciate your insight on this very timely subject!

Dec 05, 2019 06:06 PM #42
Rainmaker
2,534,301
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

These fake emails is definitely we all need to take heed....I will be checking the URLs for now on.

 

Dec 05, 2019 06:22 PM #43
Rainmaker
316,028
Matthew Sturkie, CRS, GRI 909-969-3805
Action Realty - Apple Valley, CA
CRS, GRI 909-969-3805

Good post. I get my share everyday. Have two emails accounts so I get lots of junk and scams everyday.  Some have been very clever. A few even used our MLS to click a listing link to contact me as a way to seem legit. The scammer would click a link to contact the agent on the public MLS website and would attach a fake offer file to try to get me and other agents to click and download the offer which I am sure contained a virus or some other malicious software. 

Dec 05, 2019 07:30 PM #44
Rainer
146,444
Adam Feinberg
ANCHOR ASSOCIATES - Manhattan, NY
NYC Condo, Co-op, and Townhouse specialist

I used to manage training at a number of wall street firms in my prior career- including technology risk management trainings. These were among the risks we educated staff on. As a real estate agent my biggest concern is clients logging in at unsecured locations- especially when they are travelling abroad. One client got hacked at a cafe in India- and the hackers pretended to be the real estate attorney and blocked all email communications between the client and the attorney. Lucky we caught it in time- but the client could have been out more than $800k cash.

Dec 05, 2019 08:35 PM #45
Ambassador
2,132,405
MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Yes fake emails are a huge and chronic issue fir businesses 

Dec 05, 2019 11:42 PM #46
Rainmaker
1,491,407
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

I get a fair amount of these emails. I laugh at the ones that tell me they suspended my email account because of lack of space or something. But they tell me by email. That gets to me. Obviously it's not suspended.

Dec 06, 2019 03:13 AM #47
Rainer
385,281
Edward Gilmartin
CRE - Boston, MA

I rarely open emails from companies or addresses I have not seen before. Most customers are texting rather than emailing .

Dec 06, 2019 03:53 AM #48
Rainmaker
1,741,938
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Ugh. It is so hard to keep your data secure and your privacy intact 

Dec 06, 2019 03:55 AM #49
Rainmaker
33,473
Krystin Mitchell, CPA CFE
KLSM CPA Firm, PLLC - Houston, TX
I help clients resolve IRS tax matters

It's important to be extra conscious when it comes to fake emails, I have spotted many just based off typos.  

Dec 06, 2019 08:00 AM #50
Rainer
295,883
Paddy Deighan JD PhD
TimeshareLawyers.pro - Vail, CO
Paddy Deighan J.D. Ph.D

pretty surprised by the percentage of fake/scam emails...very high given the number of emals sent every day!! quite alarming. Thank you!!!

Dec 06, 2019 09:18 AM #55
Rainer
147,848
Theresa Akin
CORPUS CHRISTI REALTY GROUP - Corpus Christi, TX

I had to laugh the other day, I got an email wanting some information, I would have to click on. I learned not to do that years ago. Got a phone call my husbands nephew was in jail over seas. Funny because he was facetiming him and his kids were yelling in the background. The scammer actually tried to convince us the guy facetiming was an imposter. So many different email that get sent to the trash and have reported many. 

Dec 06, 2019 04:20 PM #58
Rainmaker
468,821
Tom Bailey
Margaret Rudd & Associates Inc. - Oak Island, NC

Looks like you stuck a nerve with some spammers on this posts! Thanks for the posts

Dec 07, 2019 07:34 AM #63
Ambassador
4,104,848
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Robert:

Great tips to hopefully keep one safe from scam emails - it's amazing how many there are daily to watch out for!

Jeff

Dec 07, 2019 01:03 PM #64
Rainmaker
64,344
Michelle M. Arnold
Keller Williams Realty Yuma - Yuma, AZ
Associate Broker

Great topic. Thank you for the info. These spammers and spam phone calls have gotten out of control lately!

Dec 07, 2019 01:56 PM #65
Rainmaker
348,781
Dana Basiliere
Rossi & Riina Real Estate - Williston, VT
Making deals "Happen"

This is a very timely and important subject (post).  There are some very convincing scam emails going around and they target you with specifics such as hijacking the email of a colleague and asking for something. I was almost caught by one.  We must be vigilant.  

Dec 08, 2019 08:15 AM #66
Rainmaker
690,126
Laura Filip
Laura Filip Broker , Opening doors for All Seasons of Life - Whitesboro, TX
What can we do for you today?

Great advice, there is so much fake stuff going on. Watch out and be aware of what you are clicking on. 

Jan 02, 2020 10:47 AM #67
Rainmaker
2,098,552
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Robert Siciliano 

You continue to amaze me. Thank you for your knowledge and expertise. Most of all, thank you for having our backs and keeping us alert to cyber crime.

Jan 09, 2020 04:28 AM #68
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Robert Siciliano

Realty Security and Identity Theft Expert Speaker
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