Commission on Law & Technology
Alert: July 27, 2015
Members of Bar
The Delaware Supreme Court's Commission On Law & Technology has discussed the recent wire transfer scams affecting the Real Estate Legal Practice in Delaware. In order to avoid Delaware Lawyers from becoming victims of this scam, the Commission is issuing the following directive. This is very important and should be shared with any of your staff who may have involvement in real estate closings:
"In light of the recent computer hacking and scams affecting Delaware real estate settlement practices, it may no longer be reasonable to direct settlement proceeds as a result of computerized instructions via email, text or a website without use of a second means of independent verification."
Richard K. Herrmann
Kevin F. Brady
Delaware Supreme Court Commission on Law and Technology