Stay Ahead of Cybercriminals: How to Keep Your Real Estate Deals Safe
As we step into a new year, Rocket Title Inc. remains steadfast in our commitment to protecting our customers, partners, and the real estate industry from the ever-evolving threat of wire fraud. Wire fraud schemes continue to adapt, leveraging new technologies to target buyers, sellers, agents, and other industry professionals.
Here’s a quick summary of what you need to know to stay secure in 2025:
AI-Powered Scams Are on the Rise
Fraudsters are using Artificial Intelligence to create highly convincing fake communications, mimicking trusted real estate contacts with precision.
Key Tip: Always double-check communications involving money transfers and use secure, verified channels.
Escrow Accounts: A Prime Target
Cybercriminals exploit escrow accounts by manipulating wire instructions, diverting funds to fraudulent accounts.
Key Tip: Verbally confirm wire instructions with escrow officers using trusted phone numbers, and educate clients to do the same.
Deepfake Technology: A New Challenge
Scammers use deepfake videos and audio to impersonate agents, attorneys, and others, making fraud harder to spot.
Key Tip: Validate unexpected wire transfer requests and implement two-factor authentication for added security.
The Growing Importance of Cybersecurity Training
Regular training helps industry professionals recognize and prevent fraud while guiding clients effectively.
Key Tip: Schedule quarterly training for your team and educate clients on wire fraud risks at the start of transactions.
Let’s Keep the Conversation Going
By staying informed and proactive, we can reduce the risk of wire fraud together. Rocket Title Inc. is here to support you. Have questions? Reach out anytime—we’re here to help keep your transactions safe in 2025.
Email: [email protected]
Phone: 757.306.4668
Fax: 757.389.8749
4573 Bank Street, Virginia Beach, VA 23462