Tag Archives: wire fraud

Wire Fraud 101: What is Wire Fraud and How Do You Prevent It?

According to the American Land Title Association, 76% of title agents noted wire fraud attempts either remained the same or increased in 2020. As scam tactics become more sophisticated, the chance of it happening to you only gets greater. Let’s take a moment to go over the basics of wire fraud and see what you …Read more

Stewart and CertifID Work Fast to Protect Against Wire Fraud

Wire fraud is an increasing risk in the real estate industry. According to the American Land Title Association, a third of all real estate and mortgage transactions in 2020 included targeted wire fraud scams. Being vigilant when interacting with clients is key to ensuring the proper instructions are followed, and money goes to the right …Read more

Are You the Weakest Link?

If you’re looking for the most vulnerable points of a network, you need only look in a mirror. According to Symantec, 97 percent of cyberattacks start with social engineering. That means cybercriminals are getting access to systems by deceiving individual users – you and your employees. It shouldn’t be a surprise that the real estate …Read more

4 Steps You Can Take to Avoid Being a Wire Fraud Victim

A major risk real estate professionals should be aware of is fraudulent wiring instructions. Cyber criminals are increasingly sending false messages on behalf of home sellers, real estate agents, title agents and lenders, and many times these messages involve instructions to transfer money. Here are some precautionary measures you should consider from a risk management …Read more