According to a number of articles recently written within industry trades, there is a growing concern coming from the New Jersey Department of Banking and Insurance warning professionals specifically involved within the real estate industry about phishing scams or hackers are attempting to steal mortgage funds. 
The official notice was issued by the New Jersey Department of Banking and Insurance, which mentioned specifically banks, mortgage lenders, real estate agent license holders, title agencies and closers, to be aware of the “prevalence of fraudulent schemes to divert funds transferred by wire.”
Most hackers will wait until the transaction is in process before targeting the particular piece of business before it closes.
As the industry moves further and further along migrating onto digital platforms, these hacking activities will begin to represent a greater threat.
The alert issued warns that when it comes to closings and transactions of real estate properties, hacking activities will become more sophisticated and will require greater levels of vigilance and technological surveillance.