Everyone needs to be cognizant of fraud risks in the commercial real estate industry. In this article, we are going to discuss how to prevent commercial real estate fraud with education and awareness.
Education & Awareness
First and foremost, getting some education and awareness about cyber security and internet banking is essential. That is really the most important way that people can protect themselves. For example, knowing what a phishing email looks like can help you avoid a catastrophic situation.
For context, a phishing email is one that comes into your environment and tries to trick you into believing it’s a legitimate email. The email will either ask you to open an attachment (that will then download malware onto your device), or click on a link that brings you to a website that either downloads malware or asks you for your credentials.
Learning how to spot a phishing email, and how to take your time and not react to it immediately is essential. We’re all working at a million miles an hour, and you have to just take your time and ask yourself if an email is legitimate. Typically fraudsters want to make you do something quickly that you shouldn’t be doing. Essentially, they’re trying to hack the human operating system.
Commercial Partners Title in Minneapolis, MN
Looking for more information on commercial real estate fraud prevention? Contact Commercial Partners Title today! We have decades of experience in the title industry and can help you navigate the ins and outs of your commercial transaction. Our team consists of skilled underwriters, title closers, escrow agents, and more. Contact us today at our office in downtown Minneapolis to learn more about our full range of services and how we can help you with your next commercial transaction.