Cyber intrusions have been on a rise with cybercrime becoming more dangerous and sophisticated than ever. The pervasive and evolving cybercrime poses a serious threat to both the public and private sector networks as attackers target international organizations to steal corporate data and individuals are subjected to identity theft.
In December 2018, Aaron Cole, from the Portland suburb of Oregon City, fall prey to a wire scam and nearly lost his home after being duped into making a fraudulent down payment of $123,000. The attacker sent Cole an email directing him to make the payment and tricked him into believing that it is from the title company he had been working with. At the time, Cole did not realize that a sophisticated network of hackers had been keeping track of his interactions with the title company. Although the email appeared similar in structure to the original emails he received from his title company, it had slight differences.
It was only when the title company reached out Cole on due dates, asking him to send the money, the realization of the blunder hit the Oregon man hard. He suddenly realized that he was duped by cybercriminals to give away all the money which he had saved from the sale of his former house along with other family savings.
Cole's title company, WFG came to his immediate rescue and made up for the losses, in turn, Cole is helping the company in spreading the word about more such scams. He was fortunate to be hired for the same amount he lost to the hackers - to be a spokesperson at the National Title Insurance Company.
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