SIOR Report Article: Safeguarding Against Fraud
$3.3 million. That’s the amount an employee of NETSTREIT, a REIT, wired to someone pretending to be a development partner of the company. If you think this incident, a form of business email compromise (BEC), represents an anomaly or simply bad luck, you haven’t been paying attention. According to a 2023 PSA issued by the FBI’s Internet …