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Two more women sue Epstein’s estate over sexual abuse claims | #tinder | #pof | #match | #sextrafficking | romancescams | #scams

Source: National Cyber Security – Produced By Gregory Evans

Two more women have sued Jeffrey Epstein’s estate, claiming they were sexually abused by him multiple times when they were underage, new court papers show. The women brought their cases […]

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Title Token for Blockchain Estate Registry, Part 1 | #corporatesecurity | #businesssecurity | #

Since 2015, the blockchain industry has generated a variety of economic concepts and supported them with relevant technologies: initial coin offerings, initial exchange offerings, security token offerings, data access object, permissioned ledgers, stablecoins, decentralized finance, etc. In a short time frame, some of these went all the way from their heydays to oblivion. Emerging concepts, […] View full post on National Cyber Security

#cyberfraud | #cybercriminals | Protecting Real Estate for Data Privacy Day — RISMedia |

Source: National Cyber Security – Produced By Gregory Evans

Jan. 28 is Data Privacy Day, as set by the National Cyber Security Alliance’s (NCSA) Data Privacy Day campaign. The NCSA provides various resources on its website, including instructions on how businesses can protect themselves, detect fraud, respond quickly and recover if they have fallen victim.

How do these translate into real estate best practices?

Protect
The NCSA recommends that businesses keep software current, ensure updates are set to automatically install, implement stronger authentication processes, back up all information either in the cloud or on a hard drive, limit access to sensitive data and stay vigilant.

For real estate agents and brokers, that means keeping vulnerable data, such as transaction paperwork with client signatures, protected by double verification, as well as backed up to a secure location. Platforms such as DocuSign and ShelterZoom are helping to make transactions more secure in real estate by using technology such as encryption and blockchain.

According to Chen Konfino, chief executive of Younity, an app that allows users to remotely access their digital files from their computers using their mobile devices, who was interviewed by the New York Times, individuals can also protect themselves by using a VPN (virtual private network) on their device, which will encrypt their traffic and block emails from being intercepted.

Detect
Knowing what to look for is the first step. According to the NCSA, businesses should pay attention to any unusual requests, especially though email, that direct them to click unknown links or open suspect attachments. Brokerages can reduce the chance of fraud by implementing office-wide training sessions that teach agents how to detect scams, proceed safely and safeguard their information.

Respond
If an individual suspects fraud, what is the appropriate course of action? The NCSA recommends that they disconnect any computers that may have been compromised and bring in an IT team to take a look. Additionally, if widespread and severe enough, they should also contact law enforcement and retain legal counsel.

Due to the nature of real estate, in which brokerages can have hundreds of agents across multiple offices, any individuals who suspect fraud should immediately notify their broker so they can ensure the breach is not extensive.

Scams to Look Out For
According to the New York Times, the FBI has reported 3,766 instances of real estate scams between October 2014 and October 2019, with losses reaching nearly $339 million.

The best way to protect data? Know what the scams are. In 2019, several REALTORS® reported receiving texts and phone calls from 800-874-6500—the toll-free number for the National Association of REALTORS® (NAR). However, NAR reported it was not making these calls and they were fraudulent.

Scams happen often on the consumer side, as well. REALTORS® should educate their clients about the most common types of fraud they may encounter, which can include:

  • Wire transfer requests via email – All requests should be confirmed by the agent or attorney, in person or by phone.
  • Illegitimate rental or for-sale listings for which the “landlord” or “seller” requests payment upfront, such as a security deposit or down payment. These fraudsters often claim to require these deposits in advance and then disappear with the money.
  • Emails asking for sensitive information – Consumers should look for warning signs such as grammar and spelling errors, suspicious email addresses and phone numbers or addresses in their signature that cannot be verified.

Several organizations are taking the lead on fraud prevention in real estate. For example, Title Resource Group (TRG) recently launched a campaign, in the form of a game, to help educate agents and consumers about fraud.

NAR provides a Data Security and Privacy Toolkit to help educate industry professionals about how to protect their data and comply with legal requirements. The toolkit includes state law information and any pending federal regulations on the subject of data security, as well as checklists for implementing a data security program.

Brokers and agents, share your experiences with us and let us know what you are doing to protect your data.

Liz Dominguez is RISMedia’s senior editor. Email her your real estate news ideas at ldominguez@rismedia.com.

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#cyberfraud | #cybercriminals | How compromised emails enable cybercrime and real estate scams — Quartz

Source: National Cyber Security – Produced By Gregory Evans The CEO of an unidentified Swiss company was scammed out of nearly $1 million by a multinational fraud ring, according to a criminal complaint unsealed last week in federal court. The executive, who is identified in the filing only as “S.K.,” was in the process of […] View full post on AmIHackerProof.com

Scammers Stealing Down Payments By Hacking Real Estate Agents’ Email Accounts

Source: National Cyber Security – Produced By Gregory Evans

Buying a home is the biggest purchase most Americans will make during their lifetime. But now hackers have figured out how to steal the down payment, leaving the buyer without a new home and often wiping out their life savings. “The timing was impeccable, actually,” said Kristina Soloviena, a real…

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Be Alert! Hackers Are Stealing Millions From Buyers By Using These Real Estate Scams

Source: National Cyber Security – Produced By Gregory Evans

Tight Inventory Continues To Dog Housing Market Steve starts his Real Estat Roundup segment by asking Terry how long a typical For Sale house stays on the market before it gets a confirmed buyer. Terry says the national average was 27 days for the month of May 2017, well below…

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Hackers Target Real Estate Deals

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Source: National Cyber Security – Produced By Gregory Evans

Hackers Target Real Estate Deals

Years of hard-earned savings – gone in an instant. One family saw the down payment on their dream home stolen by a hacker.
“It’s devastating to live thru and find out your dreams have changed.”
This picturesque property was

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Cybercriminals Targeting Real Estate Transactions

Source: National Cyber Security – Produced By Gregory Evans

Cybercriminals Targeting Real Estate Transactions

Small real estate businesses, agents and their clients are fast becoming the targets of sophisticated cyber scammers. That’s according to panelists at the Risk Management and License Law Forum yesterday at the 2015REALTORS® Conference & Expo, who discussed potential threats and offered tips for agents to protect themselves and their businesses and clients from cyber-attacks. Melanie Wyne, National Association of Realtors® technology policy expert said that while we often hear in the news about large companies falling victim to hackers, small businesses, which often lack the vast technology and legal teams of larger businesses, actually account for the majority of attacks. “Small businesses need to pay just as much attention as large companies to possible cyber threats,” she said. Darity Wesley, founder of the Lotus Law Center, said hackers are seeking personally identifiable information, data that could potentially identify a specific individual, such as credit card or bank account information, login credentials, employment details or a physical address, e-mail address, and phone or social security number. “Most people don’t know the vast amount of data stored about them in a variety of systems,” said Wesley. “Identity thieves can do a lot of damage with this information; your credit and whole life could […]

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