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.
It’s All About Educating Yourself & Being Aware
Educating yourself about some of the common tactics of cyber criminals can go a long way in preventing cyber fraud when dealing in commercial real estate. For example, if you know how to spot a phishing email, you will be well equipped to avoid falling for one of the most common tactics cyber criminals employ.
Phishing Emails
A phishing email is designed to trick the recipient into thinking it is coming from a legitimate source, when in fact it’s coming from a cyber criminal looking to steal your information or cause some form of disruption. Typically, a phishing email will tell you to download an attachment or click on a link that will attempt to steal your credentials or infect your device with malware.
These types of emails are incredibly common in the commercial real estate industry so it’s important to remain vigilant. Whenever an email is asking you to click a link or download an attachment, take a few moments to review the email and look for anything suspicious. Check the sender’s email and make sure it’s an address you recognize. If anything looks suspicious it’s never a bad idea to call the sender to make sure they actually sent you the message.
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.