Real Estate and Title Companies: Secure Email Against Wire Transfer Fraud

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Wire transfer scams in the real estate industry are on the rise. Buying a home should be a joyful, celebratory affair; however, in reality, wire transfer fraud victims around the world are losing their life savings daily in the closing process. 

Criminals are exploiting the complex and hurried nature of real estate, which makes these scams relatively easy to carry out and often effective. The number of vulnerable parties involved in the real estate closing process - attorneys, lenders, agents, title companies, sellers and buyers - also works to attackers’ advantage. According to the FBI, between 2017 and 2018 there was a 166% increase in US real estate wire fraud losses, and experts believe that as little as 15% of this fraud is reported.

Criminals initiate wire trasnfer scams by compromising the email account of a title company or a realtor using malware sent via email. Because of this, it is imperative that companies in the real estate sector invest in an email security gateway solution that provides multi-layered, end-to-end control of their email accounts, preventing fraudulent emails from reaching the inbox and thus mitigating their risk of being involved in a dangerous and costly wire transfer scam.

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Modern Email Threats Demand Multi-tiered Protection

Wire transfer scams that impact the real estate industry are usually fairly simple and straightforward, but a disheartening number of companies and agents fall for them nonetheless. Threat actors hack into target companies’ email servers and conduct extensive research on victims, which is used to craft targeted and highly deceptive phishing emails. These criminals rely on clients’ trust of real estate agents, title companies, lawyers, banks and other professionals and organizations in the real estate sector. This same trust can be easily lost with one successful scam, destroying the reputations of the companies and individuals involved.

We recognize that the delivery of just one malicious email can have devastating consequences, and our defense-in-depth strategy employs multiple security features and controls to accurately identify and rapidly quarantine ALL malicious emails, preventing them from reaching the inbox and causing potentially serious harm.

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Foundationally Secure, Cost-Effective Solutions Through Open-Source Development

Through our unique and advantageous open-source approach to email security, we are able to engineer exceptionally secure and effective email security solutions and offer them at competitive prices. The software and technology that constitutes our solutions is fast, highly secure, intuitive and resilient. Through the use of Open Source, our expert engineers are able to build and monitor our email security solutions using applications and resources in a way that no other vendor can. This results in truly unparalleled protection from today’s most targeted and sophisticated email attacks.

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Guardian Digital EnGarde Email Security Gateway: Highly Effective Protection Against Wire Transfer Fraud in the Real Estate Sector

Guardian Digital EnGarde Email Security Gateway provides fully-managed comprehensive business email protection accompanied by exceptional 24x7x365 customer support, conveniently providing you with the peace of mind to focus on aspects of running your business other than email security. EnGarde offers:

  • End-to-end email encryption and secure delivery
  • Protection against social engineering and impersonation attacks
  • Authentication of every email delivered using DMARC, DKIM and SPF
  • State-of-the-art heuristic technologies which recognize malicious code and accurately identify and block highly targeted spear phishing attempts
  • Multi-layered open-source architecture and seamless implementation into your business’s existing infrastructure 
  • Unrivaled 24/7/365 support services 

Guardian Digital is the always-on, integrated email security cloud solution that reduces the complexity of protecting your organization from spear-phishing, malware, viruses, malicious attachments and emerging threats.

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