Cybersecurity, Wire Fraud, & Scams

cyber data with lock

Realtors® and Identity Fraud – When Someone Impersonates You or Your Business

When you’re a real estate agent, it’s natural to have your name, face and contact details widely publicized to attract business. However, having your details available in the public domain can leave you vulnerable to identity fraud. Identity fraud (or identity theft) occurs when someone assumes your identity using your personal details with the purposeRead More

image of security message on computer screen representing cybersecurity in real estate

Real Estate Cybersecurity Risks and How to Recover

Cyber and wire transfer fraud are not normally covered on an E&O policy. But we can get you covered! Click here for an application. From a presentation by Rachel Ryckman, White and Steele There is so much exchange of data between our mobile devices and our computers, on the Internet and in the cloud. TheRead More

cyber lock

Be Alert and Prepared for Real Estate Broker Identity Theft

Our E&O client recently contacted CRES Risk Management to report that somebody was using her name, license number and professional background on a fake website. The website was designed to lure unsuspecting real estate consumers into a scam involving timeshares. She wanted to know what she could do to protect herself. Be Aware of EmergingRead More

dark hooded person cyber background

Scam Alert: The Latest Schemes Agents May Not Know About

In real estate, we’re still seeing numerous cases of wire fraud – and now we’re seeing some new types of fraud.  In the past six months, we’ve seen some new scams affecting hundreds of homebuyers. These scams may involve fraudulent listings, fraudulent escrow companies, and fraudulent listing agents. Under these scams, the perpetrators have goneRead More

concept data house with lock

Document Management Tips to Avoid Costly Real Estate Lawsuits

Failure to keep a client’s information secure is one of the top claims made against real estate agents today. The average direct cost for a data breach is $3,000,000 with an additional $1,300,000 average in cost of lost business after the fact. And this is NOT just an issue for real estate brokers to beRead More

man on email avoids real estate phishing scam

How to Avoid Real Estate Phishing Scam Cyber Attacks

What would you do if you got an email message like this:   Subject: Re: Offer Attached is the copy of my clients offer, I wait to hear from you. Regards, James Jones James Jones Appraisal, Inc. Crestwood Advisors, Inc. Crestwould.com 100 Cargil Rd. #202 San Diego, CA 92123 555.555.8101 (office) 555.545.0009 (cell) 555.555.8102 (fax)Read More

lock sitting on a keyboard

Why Every Real Estate Business Needs a Cyber Security Plan to Combat Fraud

Cyber security is a real and increasing issue for the real estate industry. Because you manage transactions that typically involve hundreds of thousands to millions of dollars, you are a key cyber fraud target. It’s easy to brush it off as something that you hear about but that wouldn’t happen to you. It’s easy toRead More

computer keyboard

CAR New Wire Fraud Advisory

Cyber crime targeting wire transfers is on the rise. Criminals have developed viruses that hack into email accounts of buyers, sellers, real estate agents and escrow companies. The malware records login information and then sits undetectable by commercial anti-virus software. When an email is sent or received that mentions a wire transfer, the virus alertsRead More

Keyboard with lightning behind it

Cyberattacks on Real Estate Professionals, What’s Next?

Brokers and escrow officers, like other professionals, use phones and e mail as their main mode of communication and by doing so they are exposed to data breaches. In the last year data breaches became more prevalent in real estate transactions. Brokers and escrow officers should be aware of the issues and try to avoidRead More

closeup of computer keyboard

Wire Transfer Fraud

Over the last six months, the lawyers here at Carlson Law Group, Inc. have seen an email scam perpetrated with a frightening regularity.  Approximately a dozen clients, insurance companies and insurance brokers have reported to us that funds are being misdirected via wire transfers to bank accounts overseas.  The scam is always perpetrated in theRead More

RT @realtormag: How to explain to prospects and clients that your specific real estate knowledge is worth the money they’ll pay for your se… Colorado Realtors®: it's time to renew your E&O policy. CRES Real Estate E&O FAR exceeds the coverage of the group… https://t.co/JJj2Y69BrD