Cybercriminals Targeting Real Estate Transactions

Source: National Cyber Security – Produced By Gregory Evans

Cybercriminals Targeting Real Estate Transactions

Small real estate businesses, agents and their clients are fast becoming the targets of sophisticated cyber scammers. That’s according to panelists at the Risk Management and License Law Forum yesterday at the 2015REALTORS® Conference & Expo, who discussed potential threats and offered tips for agents to protect themselves and their businesses and clients from cyber-attacks. Melanie Wyne, National Association of Realtors® technology policy expert said that while we often hear in the news about large companies falling victim to hackers, small businesses, which often lack the vast technology and legal teams of larger businesses, actually account for the majority of attacks. “Small businesses need to pay just as much attention as large companies to possible cyber threats,” she said. Darity Wesley, founder of the Lotus Law Center, said hackers are seeking personally identifiable information, data that could potentially identify a specific individual, such as credit card or bank account information, login credentials, employment details or a physical address, e-mail address, and phone or social security number. “Most people don’t know the vast amount of data stored about them in a variety of systems,” said Wesley. “Identity thieves can do a lot of damage with this information; your credit and whole life could […]

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