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Tag: virus or spyware

How to Detect and Avoid the eSign Scam

Posted on May 9, 2019 by Dennis
Internet Safety Tips

How to Detect and Avoid the eSign Scam

I’m sure a lot of Real Estate Agents, Buyers, and Sellers have seen this scam. It is delivered by spam email. It is a simple scam. The scammer sends out emails to people who they know are about to close a real estate transaction. There are many variations of this scam. The most common introduces either a virus or spyware to your computer. Maybe both.

The spam email tells you to immediately sign a set of documents. The documents are set up to eSign. All you need to do is click a link. DON’T DO IT! The problem is, many Real Estate Agents and Brokers use eSign services to process the flow of paperwork quickly and efficiently. You may have already eSigned a number of documents. How do you know which emails are real, and which are scams?

How to Detect and Avoid the eSign Scam

Check out the Sender

If the email is not from one of the legitimate eSign companies, that is the first tip. The email address many clearly show up as a made up email address with a strange suffix. Legitimate company emails normally end with a DOT, COM, NET, or one of the other common business suffixes. Spam emails may end with a strange, low cost suffix such as, .biz, .us, .jp, .ru, .fr, or another 2 letter suffix telling you, the email originated from outside the USA.

What you want to do is learn How to Detect and Avoid the e Sign Scam. If you suspect anything, forward the email to the Real Estate Agent you are working with. Most have extensive experience and training on internet fraud.

If you want to check into the email, RIGHT (not left click, which will active the link) make sure you RIGHT click on the link. A box will open and chose COPY LINK. Then paste the link into a word processor document. Preferably a blank page. Now you can see the link, and where it will take you. Now you can copy the site name, and enter it into your favorite search bar on your browser to see what comes up. Most will show information on a company, usually like a company providing cloud based storage for documents. No Real Estate firm deals with offshore cloud based accounts. The link may also be to a Google account. Still, DON”T trust it. That is popular gimmick or hook for scammers using a ransom virus and its offshoots. You don’t want to go there. Call your Agent to find out if there is something for you to sign.

One Example of an Email Scam

Here is an example. The email is from an unknown address.

Webscam@BrennanWasdenLLC. onmicrosoft.com

This is not an email address for any Esign company. The email contains a link in blue letters that says:

View|Download files

When I copy the link location, I come up with this.

Http:// dfgcxfatrfamhf .com/press/drobox2017newdocindex/db2016/

I cleared the formatting and added a few spaces to render that link harmless, and changed a few letters so it will not link to anything.

Notice where the company name should be. After the Http, is a set of nonsense. That tells you, it is a made up domain, no company exists, and it is a scam. The Http also tells you the link is to an unsecured, unregistered site. Safe, secure, and tested sites begin with Https. The, “s,” at the send stands for Secure.

How did the Scammers Get Your Information?

How do they know you are working on closing on a real estate deal? There is a leak in the system. Someone in the trail of emails is using a public, unsecured email account like Gmail Yahoo, Hotmail, or some other free service. I can email back and forth with a bank and title company all week long with nothing happening. As soon as I forward information about a closing to a client using unsecured email, I get a flood of email scams. To keep matters safe and under control, I tell my clients, “I will call you when I send documents to esign. Don’t open up any other emails concerning any type of documents.” It is as simple as that.

This type of scam is not restricted to the Real Estate industry. Scammers will send their spam to any email address they can. So be careful with any email that asks you to click a link. Look at the senders address, and the actual link if you feel qualified.

Posted in Online ScamsTagged closing on a real estate deal, How did the Scammers Get Your Information, How to Detect and Avoid the eSign Scam, spam email, unsecured email account, virus or spywareLeave a comment
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