Case Study: Real Estate Firm Stops $380K Wire Fraud Attack

Real Estate BEC Prevention Case Study

How TVG stopped a $450,000 wire fraud attempt targeting a Los Angeles real estate closing.

The Challenge: A commercial real estate firm in Downtown LA received what appeared to be updated wire instructions from their title company for a $450,000 closing. The email looked legitimate — same branding, same contact names, same transaction details. But it was a Business Email Compromise attack.

The TVG Response: Our email security systems flagged the message as suspicious based on domain analysis. We alerted the firm before any funds were transferred, identified the compromised email account, and implemented anti-BEC controls across the organization.

Why Businesses Trust TVG

20+
Years in Business
90+
5-Star Reviews
Top 250
MSP Nationwide
24/7
Emergency Support
FBI
InfraGard Member

What We Deliver

Email Security Detection

Advanced email filtering detected the spoofed domain and flagged the message before delivery.

Immediate Alert

Real-time alert to the firm’s managing partner prevented the fraudulent wire transfer.

Investigation

Traced the attack to a compromised email account at the title company and notified them.

DMARC/SPF/DKIM

Implemented email authentication protocols to prevent domain spoofing.

Staff Training

Wire fraud awareness training with specific scenarios for real estate transactions.

Verification Protocol

Established mandatory voice verification procedure for all wire transfer instructions.

Case Results

Fraud amount prevented$450K
Detection to alert time3 min
BEC attempts blocked since (18 months)12
Wire fraud losses since TVG engagement$0

Sources: IBM Cost of a Data Breach Report 2024, Verizon DBIR 2024, Cybersecurity Ventures

★★★★★

“Mark was even available on a Saturday for consultation, and George physically came into the office that same Saturday to repair the issue. These guys are great and I can’t recommend them enough!”

Kristian N.

Verified Google Review

★★★★★

“I have been a client of TVG for 13+ years. All of their team members show care and concern when dealing with any IT issues we have and they work diligently to resolve my issues with expediency and always to my satisfaction.”

Melanie S.

CEO, Commercial Real Estate — Huntington Beach, CA

Serving Los Angeles & Surrounding Areas

TVG Consulting provides on-site and remote IT support across Downtown LA, Century City, Beverly Hills, Santa Monica, Westwood, Brentwood, Pasadena. Our local presence means faster response times and technicians who understand your area’s business landscape.

Types of Engagements We Handle

Ransomware Attack

Locked out of your systems? We contain the spread, preserve evidence, and restore from clean backups — without paying the ransom.

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Email Fraud & BEC

Wire fraud, spoofed invoices, compromised mailboxes. We trace the breach, lock down accounts, and recover what we can.

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Insider Threat

Suspect an employee is stealing data or sabotaging systems? We investigate quietly, preserve evidence, and lock down access.

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Cyber Posture Review

Not sure if your current IT team has everything locked down? We audit your environment and give you an honest assessment.

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Active Breach

Systems acting strange? Unusual network traffic? If something feels wrong, call us. We respond within 15 minutes — 24/7/365.

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Letting Go of IT Staff

Terminating an IT employee who has admin access? We lock down credentials, audit access, and ensure a clean transition.

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Frequently Asked Questions

How did you detect the fraud?+
Our email security platform analyzed the sending domain and identified it as a recently registered lookalike domain — one character different from the legitimate title company domain.
What would have happened without detection?+
The $450,000 would have been wired to a fraudulent account. BEC wire fraud funds are typically moved through multiple accounts within hours and are rarely recoverable after 24-48 hours.
How common is real estate wire fraud?+
The FBI reports that real estate transactions are the #1 target for BEC attacks. In 2023, BEC losses exceeded $2.9 billion nationally, with real estate being the most targeted sector.
What anti-BEC controls did you implement?+
DMARC/SPF/DKIM email authentication, advanced anti-phishing with lookalike domain detection, mandatory voice verification for wire instructions, and ongoing staff training.
Has the firm been targeted since?+
We’ve detected and blocked 12 additional BEC attempts over the past 18 months. None reached employee inboxes, and the firm has had zero fraud losses since engagement.
Can this happen to any business?+
Yes. BEC attacks target any business that handles wire transfers — real estate, law firms, financial services, and any company with vendor payment processes.

Ready to Protect Your Business?

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