Seller impersonation fraud is on the rise. A study conducted by NDP Analytics found that 28% of title companies experienced at least one seller impersonation fraud attempt in 2023, and in April 2024 alone, 19% of firms experienced at least one of these attempts.

The study, which was released on Monday, is based on a nationwide survey of 783 title companies. Of the firms that experienced seller impersonation fraud attempts in 2023, only 16% paid claims, according to the study.