Title & Settlement Services providers are among the top victims of cybercrime and wire fraud.
“Cyber incidents continue to evolve rapidly in number and sophistication. As criminals continue to modify their tactics and prey on unsuspecting consumers, the title and settlement industry continues to lead the charge in raising awareness about wire transfer fraud, educating their staff and implementing procedures to safeguard real estate funds” states Diane Tomb, ALTA’s chief executive officer.
A survey showed that 46% of respondents reported their employees receive at least one email per month attempting to change wire or payoff instructions. Rest assured, Dodge County Title & Escrow is well aware of these cyber criminals and make it a TOP priority to ensure your clients are protected. If you suspect an email is suspicious, it probably is! Never assume and ALWAYS feel free to reach out to our team at (402)721-5833.