Jul 24, 12:00 AM

Silicon Valley Exec Rana Robillard Loses $400K to Real Estate Scam Involving Four Banks

Rana Robillard, Chief People Officer at software startup Tekion, lost her life savings of $400,000 to cybercriminals while attempting to buy a home in Silicon Valley. The fraudsters infiltrated the email systems of real estate professionals to divert down payments into their own accounts. This incident involved four banks and highlights the growing trend of scams in real estate transactions, with losses rising from less than $9 million in 2015 to $446.1 million by 2022. Experts advise heightened vigilance and security measures to protect against such sophisticated scams.

#Rana Robillard #Tekion #Silicon Valley

Written with ChatGPT (GPT-4o).