There is a scary new twist on wire fraud. Over the past few years, settlement professionals have become targets for fraud. They are responsible for large sums of money which they are responsible for disbursing in the course of closing real estate transactions. Naturally, these schemes to divert funds continue and losses to the parties involved are often devastating. How the Scheme Works Here’s how this
Introduction
Cybersecurity and wire fraud are serious subject in the world of real estate, and we here at Landmark Abstract want to educate you on these subjects! Under this category, you will find quite a few different topics relating to both issues.
Cybersecurity
First, cybersecurity is actively protecting yourself for the unauthorized use of your data. Creating secure passwords and making sure your virus definitions are up date on your computer are two ways you can do this. Let's go on to wire fraud and learn what that is.
Wire Fraud
Secondly, wire fraud falls under the financial aspect of using technology for deceptive purposes. (Remember, good cybersecurity can help here!) We have plenty of topics here to help you understand wire fraud, especially on how it can affect you. Also, we cover how title business owners can fall victim to wire fraud.
More Information About Cybersecurity & Wire Fraud
Next, our Downloadable Resources page has some great information about cybersecurity & wire fraud! Here, we have handouts that tell you how to protect yourself, how to identify suspicious emails, and how to identify red flags that indicate wire fraud. We encourage you to take a look and learn!
Conclusion
To sum things up, we here at Landmark Abstract encourage you to learn about cybersecurity & wire fraud. Especially if you are looking to purchase a home in the near future. If you are currently involved in a transaction with us and suspect a cybercrime, follow the instructions and advice about wire fraud found here.
Lastly, please use our contact form to ask any question you may have relating to cybersecurity & wire fraud.
Ransomware: Learn About It!
October 09, 2018 / Categories: Cybersecurity & Wire FraudTable of Contents What is ransomware? How does it work? How does ransomware get on to a computer? How do I protect against ransomware? Malware infected my PC! What should I do? Should I pay the ransom? What is ransomware? Ransomware is a scary, so want you to learn about it! Ransomware is a form of malware that targets critical data and systems for the
Wire Fraud And You
August 06, 2018 / Categories: Cybersecurity & Wire FraudWire Fraud and You. What do you know? What Is a Wire Transfer? A wire transfer is a way to quickly and safely transfer funds electronically from one bank account to another. Wire fraud may affect you when purchasing or selling a home. With a wire transfer, the recipient has access to the money almost right away, often within the same day for transfers within
Wire Fraud and Home Construction
June 13, 2018 / Categories: Cybersecurity & Wire FraudWire Fraud Takes Aim at Home Construction Industry Wire fraud is growing its range of targets. The homebuilding industry increasingly in its crosshairs, according to this new white paper published by CertifID. Background Consequently, Thomas Cronkright II and Lawrence Duther wrote a white paper entitled “Wire Fraud Begins To Hammer the Construction Industry.” Cronkright II and Duthler co-founded CertifID and are anti-fraud technology developers. According to the
How To Protect Yourself From Wire Fraud
May 15, 2018 / Categories: Cybersecurity & Wire Fraud, VideosHey, it’s time to learn how to protect yourself from wire fraud! Buying and selling a home is an exciting time. Still, there can be pitfalls for unsuspecting consumers. In this video, the American Land Title Association aims to help both homeowners and sellers. Be aware that criminals are using wire fraud schemes to steal money meant for home purchases. They also steal the proceeds