It can happen to you!
Cyber Fraud in many forms is occurring in Pennsylvania & New Jersey, in your neighborhood, and most likely to someone you know. The heinous result of this activity is theft of hundreds of thousands of dollars, claims to E&O carriers, and the potential for wiping out a title agents’ and your client’s resources. The purpose of this article is to emphasize that IT CAN HAPPEN TO YOUR BUY or SALE, that it is happening to Pennsylvania & New Jersey Title Insurance agents, and to provide real fraud vignettes that occurred in the last month.
BE AWARE: An email can look like it originated from your buyer, seller or a real estate agent and be fake, forged, or otherwise tampered-with. Trident uses both encrypted email and other fraud mitigation tactics to protect against email wire scams. Protect your clients, make sure you are working with a trusted partner or your reputation could also be at risk from these schemes.
Read On to learn how these cunning cyber hackers are getting the upper hand with title agents that don’t recognize red flags.