• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

Real estate tech company RealPage hit by $10.5M hack

Hackers stole $10.5M from property management software provider RealPage through an employee’s account (Credit: iStock)
Hackers stole $10.5M from property management software provider RealPage through an employee’s account (Credit: iStock)

Texas-based property management software provider RealPage was the target of hackers who stole $10.5 million from the company’s accounts, according to local media.

The hackers obtained the login information for one of the RealPage’s employees, which gave them access to its online financial accounts. The stolen funds were then laundered through a network of “mule” accounts across the country, and transferred to a Nigerian account in at least one case.

“The investigation to date has revealed a large network of money mules who have been communicating by telephone and internet with individuals whom they thought were legitimate businesses or entrepreneurs sending funds that were proceeds of business or real estate transactions,” a special service agent told Dallas TV station NBC 5.

More than $2.9 million of the stolen money has been seized by federal prosecutors, and RealPage is working to reclaim it. In all, RealPage claims $4.5 million has been recovered. Investigators say the stolen money was tracked to 88 different accounts at 42 banks nationwide.

The real estate industry is increasingly becoming a prime target for hackers in search of money or data. A hack of StreetEasy last year leaked payment information for millions of accounts. In September, the Corcoran Group said it was the victim of a hack that leaked highly sensitive information about agent splits, marketing budgets and commissions.

Founded in 1998, RealPage has been on an acquisition spree in recent years, acquiring electronic payment platform company ClickPay in 2018 as well as property management solution provider Buildium and multifamily real estate engagement solution Modern Message in recent months. [Housingwire, NBC 5] — Kevin Sun

The post Real estate tech company RealPage hit by $10.5M hack appeared first on The Real Deal Los Angeles.

Powered by WPeMatico

  • 28 January 2020
  • The Real Deal
  • Uncategorized
  •  Like
Metro Networks founder Saperstein lists Malibu home for $115M →← Connecticut developer charged with killing wife is rushed to hospital after apparent suicide attempt
  • Recent Posts

    • Hoteliers sound the alarm on looming distress  May 24, 2025
    • Growth markets see retail boom even with tariff uncertainty May 24, 2025
    • Westchester resi project gets city OK after union drops objection May 23, 2025
    • WATCH: ‘Father of CMBS’ Ethan Penner to run for governor of California May 23, 2025
    • Fashion Island office fetches $756 psf May 23, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM