Wire Fraud Prevention Takes a Village | CertifID

Although wire fraud has continued to be a dark cloud hanging over the real estate and title industry, leaders from across the community have been hard at work to address the problem. It has involved the community aross title businesses, real estate law firms, realtors and real estate agent groups, industry lobbyists, consumer advocates, industry associations like ALTA, and security technology vendors like CertifID.

More than 77 percent of title and settlement companies operate independently as small businesses. This means that even one successful wire fraud attempt can not only put customers in jeopardy, but also the continuation of their brand. Real estate professionals need to know they are not alone in the fight. Take steps now to avoid becoming the next victim.  ALTA has been working closely with industry partners and security experts across the country to create resources for their members to fight back against wire fraud. Above all, CertifID highlights that minutes matter when recovering from wire fraud. This makes prevention, practice, and preparedness even more important. Leverage industry resources from organizations like ALTA best practices to help you get prepared.