According to the FBI numbers, real estate cyber-crime increased by a whopping 7,358% from 2016 to 2017 and caused losses of over $1.4 billion dollars.
The title industry is targeted by fraudsters because:
• Title companies handle over 2.2 trillion dollars in transactions each year
• Each transaction involves hundreds of pages of electronically-stored documents, and
• Each transaction involves at least 5 parties, all of whom must stay in close communication with each other.
Combining these factors can create multiple security access points, and fraudsters are growing more sophisticated, more aggressive, and more successful these vulnerabilities every day. To protect ourselves, we must verify, verify, verify before shifting fund. The video above shows how to protect yourself from real estate cyber-crime…