Generative AI Used in Real Estate Wire Fraud Scheme
Scammers used AI-generated phishing emails impersonating a title company lawyer to trick a homebuyer into wiring funds. The victim suffered a significant financial loss despite recovering a portion.
- first report
- 23 Aug 2024
- last update
- 23 Aug 2024
Timeline · 1
Sources · 1
Research and catalogues
- 2024-08-23Generative AI Allegedly Used to Facilitate $255,000 Real Estate Fraud SchemeAI Incident Database · incidentdatabase.ai/cite/864
Titles and links belong to their publishers. The summary above is written by gcdRadar in its own words; data is CC BY-SA 4.0.
Classification
- AI role
- AI-enabled attack
- categories
- AI phishing / social engineering
- severity
- 4 · Confirmed real-world loss
- targets
- Individuals
- owasp llm top 10
- no entry for these categories
- mitre atlas
- AML.T0052 Phishing
- dates
- happened 23 Aug 2024 · first reported 23 Aug 2024
- origin
- AI Incident DatabaseDerived from the AI Incident Database (CC BY-SA 4.0).
- record
- confidence 0.85 · created 2026-10-18 06:33Z · updated 2026-10-18 06:59Z
Lane, AI role, categories and severity come from the classifier; the OWASP and ATLAS rows are derived from the categories. How these are assigned
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# Generative AI Used in Real Estate Wire Fraud Scheme https://gcdradar.vercel.app/incidents/generative-ai-used-in-real-estate-wire-fraud-scheme · AIR-2024-0047 · closed 2024-09-06 - Lane: Breaches & attacks - Severity: 4 (Confirmed real-world loss) - Fix status: No fix needed - First reported: 2024-08-23 - AI role: AI-enabled attack ## Summary Scammers used AI-generated phishing emails impersonating a title company lawyer to trick a homebuyer into wiring funds. The victim suffered a significant financial loss despite recovering a portion. ## What to do No action recorded; read the sources below and the vendor's advisory. ## Latest updates - 2024-08-23: Generative AI Allegedly Used to Facilitate $255,000 Real Estate Fraud Scheme (https://incidentdatabase.ai/cite/864) ## Sources - 2024-08-23 AI Incident Database: Generative AI Allegedly Used to Facilitate $255,000 Real Estate Fraud Scheme https://incidentdatabase.ai/cite/864 Verify against the vendor's advisory before changing production. Data CC BY-SA 4.0, https://gcdradar.vercel.app.
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