Page 77 - Region 5 NAR Update
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CYBER SECURITY
• Oneofthefastest-growingcybercrimesintheU.S.isrealestate wire fraud. It is critical for our members to stay on top of the latest trends within the cybercrime world so we can be a step ahead of those who seek to exploit our clients.
• AccordingtoFBIdata,about11,300peoplewerevictimsofreal estate wire fraud in 2018, losses totaling more than $150 million nationwide.
• TheFBIexpectsmorethansixtrilliondollarsincybercrimesto be committed globally by 2021.
• Ifyoureceivesuspiciousemailfromavendoryoudobusiness with asking for personal information, like your Social Security number, call the vendor’s phone number that you have on legitimate correspondence or on their website to verify whether the email is authentic.
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