Cyber Security in the Real Estate Industry: How to Protect Your Business
Data Security expert told an audience at the National Association of Realtors’ (NAR’s) annual conference that cybercrimes against real estate agents and companies are increasing at a record-setting pace.
Robert Siciliano, CEO of Safr.Me, who spoke at the 2019 Realtors® Conference & Expo in San Francisco, said those crimes, which include transfer fraud and compromised records in real estate transactions, have increased over the past two years. This year, due to poor security systems and neglectful behaviors, the crimes appear to be growing faster than ever. Agent and companies have to defend information from spyware, malware, ransomware and keyloggers.
“Equifax’s data breach affected 143 million people,” Siciliano, who was once a victim of a cybercrime himself, said “So, the bad guys already have your identity. Maybe you have been affected, maybe not, but it’s just a matter of time. Bad guys are more organized than ever,” he added. “And now that they have your information, they turn that into cash.”
He suggested individuals refrain from using weak or common passwords for email or other accounts, recommended having a password manager, in addition to using a two-step verification for email and other accounts that require a sign-in.
Siciliano warned the Realtors that hackers have capabilities to intercept emails between clients and real estate agents and that could enable the thief to successfully steal closing funds.
“Hackers say once they own your password, they own the email, he said, “Because they can pose as you.”
Reference:
http://www.mortgagenewsdaily.com/11122019_real_estate_mls.asp
Contact Us
Learn more about what Techcess CyberSecurity Group can do for your business.
1-833-TXCYBER
1-833-892-9237
Techcess CyberSecurity Group
6110 Clarkson Lane
Houston, Texas 77055
Techcess CyberSecurity Group
Houston, Texas 77055