In this modern age, many parts of real estate transactions are conducted online.
You can search for properties and agents online, approve and sign documents with e-signatures, and use these conveniences from anywhere with an internet connection. Many think that cybercrime targets mainly technology businesses but real estate companies are not immune.
Miami Agent Magazine reported that: Earlier this year, the FBI released data showing that cyberattacks in real estate transactions had grown at a staggering rate. In 2016, there were $19 million in reportedly fraudulent real estate transactions from cyberattacks – and in 2017, the number had grown to almost $1 billion ($969 million).
Some large agencies may think that they have impenetrable cybersecurity practices in place, while smaller agencies and clients may believe that they are “small potatoes” and no cybercriminal would bother with them. The important thing to remember, no matter the size of the company or amount of money you work with, is to always exercise caution and remain on guard against a cyber attack.
Investors Pay $5M For Former N2 Publishing Facility On New Centre Drive
Staff Reports
-
Feb 3, 2023
|
|
For Nearly $4M, Investment Firm Sells Brunswick County Home Sites
Staff Reports
-
Feb 3, 2023
|
|
Season’s Change At Julia’s Florist
Johanna F. Still
-
Feb 3, 2023
|
|
When The Government Becomes A Landlord
Johanna F. Still
-
Feb 3, 2023
|
|
Funding The Fight: Local Governments Put Opioid Settlement Dollars To Use
Neil Cotiaux
-
Feb 3, 2023
|
For this on-demand society, Neal Shah has created a service that meets a need in the caregiving sector while providing experience for studen...
Developed by the Wilmington Chamber of Commerce, the Career and Leadership Development Academy will graduate 42 students in its inaugural cl...
In Southeastern North Carolina, officials in New Hanover County, the city of Wilmington and Brunswick and Pender counties are starting to ma...
The 2023 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.