Real estate continues to be a top target for cybercrime. Over the past five years, business email compromise (BEC) has impacted real estate transactions to the tune of $1.6B in wire fraud losses, according to the recent FBI IC3 I-060923-PSA.
Credits: 0 General, 0 Diversity/Inclusion PR, 0 MH/SA PR, 1 Other PR
Real estate continues to be a top target for cybercrime. Over the past five years, business email compromise (BEC) has impacted real estate transactions to the tune of $1.6B in wire fraud losses, according to the recent FBI IC3 I-060923-PSA.
Insurance can be an important way to minimize your risks, but it's important to know whether your current policy covers cyber crimes such as wire fraud.
Tom Cronkright from CertifID will walk through the evolution of cyber insurance, and the options for real estate firms today to protect against financial and reputational damage due to wire fraud. He'll compare traditional professional liability policies with emerging cyber and crime policies - to help you decide what path might be best for your practice.
Thomas W. Cronkright II, Executive Chairman, CertifID CEO, Sun Title, Grand Rapids, Michigan
Program date: August 10, 2023
Program Expires: December 31, 2025