Real estate transactions in real danger
Near the end of a complex real estate closing, you receive an email from the title agent stating that the wrong account information was given. She requests that the proceeds of the transaction be wired to the new, correct account and provides you the necessary forms and information. No big deal, right?
Wrong! The scenario above is becoming a commonplace method of stealing from a real estate transaction. With these scams becoming more sophisticated, they can be difficult to identify. What’s an attorney to do?
At The New Wave of Cyber Crime: Security Risks & Solutions in Real Estate Transactions, you’ll become more familiar with this disturbing trend and discover ways to protect yourself and your clients.
From awareness to action
Cyber criminals have discovered it’s easier to steal money from real estate transactions than from banks because these transactions occur on a daily basis, involve large amounts of funds, and include several different parties that can be easily impersonated. Also, the banking industry is ahead of the real estate industry in putting stringent cyber theft protections in place.
Real estate cyber crime has become so prominent, in fact, that it’s a matter of when – not if – you’ll be targeted. Explore the tools and techniques cyber criminals use to infiltrate real estate transactions and steal the proceeds.
Understand the roles each party plays in the real estate closing and what actions and information those parties will normally request. Learn several methods for safeguarding yourself, your clients, and all of the data involved in real estate transactions.
Tell that scam to scram
Recognizing possible real estate cyber crime is the first step to stopping it. Become more familiar with cyber crime tactics and pick up strategies for preventing them at The New Wave of Cyber Crime: Security Risks & Solutions in Real Estate Transactions.