Avoiding Mortgage Payoff Fraud

Avoiding Mortgage Payoff Fraud

By Attorneys Real Estate Council of Palm Beach County
From October 12, 12:00 pm
until October 12, 1:00 pm
REC Relations Manager
RECManager@flarecs.com

Description

Avoiding Mortgage Payoff Fraud

GUEST SPEAKER: John "Jay" St. Lawrence, Legal Education Attorney, The Fund

Real estate practitioners face pronounced dangers due to cybercrime. FBI statistics reveal Florida among those states with the highest rate of cyber victims and dollars lost. Business email compromise (BEC) combined with devilishly clever social engineering feats of thievery has led to the latest crime wave: mortgage payoff fraud. This threat and others are the focus of this webinar. Real estate attorneys will learn the nature and type of cybercrimes affecting Florida real estate closings; why mortgage payoff fraud is more pernicious than other types of cybercrimes, and steps the frontline practitioner can take to help reduce today’s threat vectors, including the implementation of new technologies, and the role of insurance.

Approved by The Florida Bar

  • 1.0 General
  • 1.0 Technology
  • 1.0 Real Estate Certification