Real estate cyber threats are becoming more prevalent to the real estate industry by targeting and scamming homebuyers, sellers, and even the companies they work with. Through these scams, cyber criminals are costing people hundreds and even millions of dollars each year; and it’s on the rise.
For many people, buying or selling a home is one of the biggest transfers of money they will make in their lifetimes. Billions of dollars are exchanged in transactions each year, from down payments, to closing costs, to mortgage payoffs. This is why the real estate market is a huge opportunity for cybercriminals to scam people, and they are becoming more targeted.
Real estate cyber threats can be detrimental for real estate professionals and especially for…
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