Realtors can tackle the growing cyberattack landscape with the help of innovative technologies.
FREMONT, CA: The real estate industry has been a fertile ground for fraudsters, and recent research says the scams have increased exponentially. While the advancement of technology is allowing the firms to improve their operational ability, fraudsters are also improving their skill set to gain access to a firm’s network. Further, huge fund transfers involved in real estate could be lucrative for attackers. However, realtors can take certain measures to address such attacks. They are the following.
Securing Passwords and Email Practices
It is critical for the realtors to carefully protect access and login credentials of email and other services during a transaction. Realtors must also regularly purify their email account and archive essential emails in a secure location. Further, the use of complicated passwords will add a security layer.
AI-Based Threat Detection
Keeping an updated antivirus and active firewalls is a sound practice to counter cyber attacks. Realtors must use verified apps and software for operational purposes. AI-based threat detection solutions can also benefit realtors during transactions. When it comes to engaging with an outside IT provider, realtors must review the applicable contracts and policies with their attorneys.
Written Disclosure Warning
The realtors need to ensure that they are within the guidelines of the local laws and policies. Realtors can also partner with their attorneys to write a disclosure warning to the customer of the possibility of transaction-related fraud. Such measures will ensure that realtors are not entirely subjected in case of a cyber attack.