CUNA Mutual Group issued an alert this week regarding anationwide wave of fraud that originated from home equity lines ofcredit and requests wire transfers be sent to construction companyaccounts.

After mortgages are filed and become public record,cybercriminals scraped data from the public documents to learnwhere members had HELOC accounts from which they can steal, according to the riskalert.

Recent frauds have been conducted by requesting wire transfersbe sent to accounts in the name of construction companies to makeit look like advances for home improvement projects, CUNA Mutual said.