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The truth about the scam that cost Barbara Corcoran $400k

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Barbara Corcoran may not be able to get her money back after her team was phished, but her story could help you protect yourself against the same sort of scam, at least if you take advice from another Shark Tank star, Robert Herjavec. Making millions from his global cybersecurity firm, the Herjavec Group, he spoke out following Corcoran’s admission that she’d been duped.

“85% of all cybercrime across the world comes through email, which is what happened to Barbara,” Herjavec said, per Good Morning America. “This is very, very common. It’s been happening of businesses for two, three years now. It’s now happening to individuals.” 

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What can you do to avoid falling prey to a phishing scam like this? “Always verify that the email is coming from somebody you trust. Get that person to call you,” Herjavec said. “Number two, check your bank statements every single day, because if you catch it within 48 hours, the bank can get it back for you.”

As for Corcoran, she took to Twitter to tell her followers: “Lesson learned: Be careful when you wire money!”

intro 1582921280 (via Primetweets)Written by: Nicki

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