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Lessons Every Worker Can Take from Realtor Safety Month

September 2023 marks the 20th anniversary of the National Association of Realtors’ (NAR) REALTOR® Safety Month. With more than 1,5 million members, the NAR is the largest trade association in the United States, and it has extensive experience working with real estate professionals, law enforcement and government officials to improve on-the-job safety.

Lessons Every Worker Can Take from Realtor Safety MonthIt should surprise no one that real estate brokers, appraisers, salespeople and property managers are victims of violent crime, with 23% reporting that they feared for their safety, or the safety of their personal information, in the 2022 NAR Member Safety Residential Report. That is nearly 1 in 4 individuals who felt threatened on the job,

Safety Month exists to raise awareness of the common dangers faced by these professionals, who often meet with people alone, in remote locations and in empty buildings. Those situations are not unique to the real estate industry. Safety Month guidelines from the NAR are valuable for any worker who interacts with the public, particularly those who visit clients at home or in remote locations, including delivery drivers, rideshare drivers, plumbers, electricians and salespeople.

Understanding and Assessing Risk at Work

Safety Month was created to encourage workers to think about the risks they face on the job and the best ways to manage them. In assessing risk, it can be helpful to think about what motivates criminals and how they choose their victims.

Most criminals seek financial gain and use manipulation, harassment, threats or, if all else fails, violence to get what they want from you. There are some cases where an individual seeks to inflict some kind of personal harm on someone else, but these cases are far rarer than robberies or muggings. You are most likely to be a victim of monetary or property theft on the job.

Criminals prefer easy targets in situations that they can control, away from others. How you present yourself, both in person and online, and how you protect yourself on the job contribute to a criminal’s assessment of your vulnerability. Making yourself a difficult target and limiting the chances for a dangerous encounter will protect you from the majority of criminals.

Here are some practical steps you can take to make criminals think twice about targeting you.

  1. Be mindful of what you share online. Your online profile does more than advertise you to potential clients. It also lets criminals know how vulnerable you are. It is increasingly common for criminals to research their targets online and plan a robbery ahead of time. If you follow good practices for cyber security, which include limiting what you share, regularly changing passwords and enabling two-factor authentication, criminals may move on from you to someone who appears to be an easier target. Personal phone numbers, personal emails and daily schedules should never be shared online.
  2. Always meet new clients in your office or a public place. This will not work for service professionals, such as plumbers and electricians, but it is recommended for all other workers. If you are conducting an assessment or inspection in a remote area, ask to meet in public place nearby and travel to the location from there. This will give you a chance to assess any possible risk.
  3. Travel in pairs. Many service professionals do this with new clients. Bringing someone else reduces risk but does not eliminate it. If you feel that you will be outnumbered by a group of criminals, leave the area.
  4. Ask for a preliminary video conference. Service professionals can ask a potential customer to show them the problem. Real estate professionals and appraisers can ask for a quick video tour of the property. Criminals will not agree to this, either because there is no real problem or because they do not have access to the property.
  5. Keep a second phone exclusively for business use. Carry it along with a personal phone wherever you go. Be sure to check coverage maps when selecting a second phone, so that you can maintain signal wherever you go. In the worst-case scenario, you can throw your business phone at an attacker and run while keeping your personal phone to call for help.
  6. Be mindful of urgency. Criminals often use the pretext of immediate need, or the threat of a lost opportunity, to lure victims into situations they would otherwise avoid. They may contact you late in the day, over the weekend or on a holiday and tell you that you must immediately come to a location to win their business. If you attempt to slow the process down, either by scheduling an appointment the next day or asking for a video tour, criminals will either give up on you or demand that you come anyway. Never let the promise of business overcome your personal safety rules.
  7. Be aware of individuals who lurk. Keep a close eye on people who arrive late to an open house, insist on a showing very late in the day or who shadow you while you do your job. Some curiosity on the part of customers is normal; someone who follows you closely is a potential danger. In this situation, ask for some space so you can do your work or inform the customer that you need to check something outside.
  8. Take a self-defense class. The NAR reports that 40% of Realtors® have completed a self-defense class. Good classes teach the ability to spot dangerous situations as well as how to react to them. It is always better to avoid the confrontation entirely than to know how to handle it.
  9. Carry a self-defense tool. Service professionals will have a truck or van full of things that can be useful in an attack, but salespeople, appraisers and real estate professionals may have little more than a pen and a computer. The best self-defense measures are nonlethal and have an area of effect, such as pepper spray. You will be more likely to use them in a dangerous situation, and they can incapacitate several attackers at once. Be sure to check your state’s rules for licensing and training, as you could face criminal charges if you discharge pepper spray or bear spray, even in self defense.
  10. Report any threatening messages you receive. The 2022 NAR Member Safety Residential Report revealed that 30% of Realtors® who were targeted by criminals received a threatening voice mail, email or text message before the attack. Threatening messages should be taken very seriously by all professionals, and you should take extra precautions after receiving them. The individual who threatens ahead of time is more likely to be motivated by anger or revenge and is simply looking for a chance to attack. This individual wants to harm you, unlike the opportunist criminal who simply wants to steal your phone or money.

Safety Month Exists to Challenge Your Routine

All workers fall into rhythms and routines on the job. Even those who practice good personal and cyber security may get comfortable over time and relax their safety practices in pursuit of efficiency or out of a sense of confidence.

People like to think that they are aware of the risks they face. Some believe they have an instinct that lets them anticipate danger. These mental gaps can put you in threatening situations. Remember that criminals have one job: To find victims and steal from them. They spend all of their time looking for new tactics and honing strategies that succeed.

Safety Month provides an opportunity to think about the risks you face and to retrain yourself in practices that limit risk. This is a good time to review personal protocols, company protocols and cyber security practices. Should you need help with cyber security, or guidance on establishing safe working practices for your business, please contact us online or call us at 1-800-658-8311.

 

Are you at risk of wire fraud in Real Estate?

Closing on a new house is very exciting, but it’s also busy and expensive. It also could make you very vulnerable to hackers who know there is a lot of money on the line.

Real EstateAny industry involving wiring transfers of large sums of money is vulnerable to this new type of hack. Purchasing a car, home or piece of art are large transactions and are not usually done in cash. In well-established industries like real estate, there are some checks and balances, but while one would think it would be very tough to pull off this scam in real estate, it is just as easy.

When looking at the home buying process, a report by the FBI’s Internet Crime Complaint Center said email fraud involving real estate transactions rose 1,110 percent in the years 2015 to 2017 and fraud dollars lost rose almost 2,200 percent. That means scammers are getting more efficient.

Nearly 10,000 people reported being victims of this kind of fraud in 2017 with losses over $56 million, the FBI report said. Real estate is only now tightening its belt and fighting back. However, the real estate industry’s security is not even close to the levels of security in the art world. Yet, both industries are susceptible to this new hack.

How the Hack Works

Although it’s not entirely a new concept, this is the freshest approach hackers are targeting real estate agents, and your clients. You need to put this on your radar! This is a pretty simple hack. Basically, criminals are breaking into the email accounts and then they monitor the email correspondence. Breaking in, in other words means “logging in” because millions of email addresses and their associated passwords are in the hands of criminals due to massive data breaches. So when the agent sends an email to client maybe with wiring instructions, the hacker is triggered and will step in. The bad guy will now impersonate the agent and warn that the instructions had a mistake on it or change up the instructions. The criminal does this to justify a wire transfer, maybe offering a slight discount, and then asks the buyer to send the money to a different account. Once the hackers have the money, the hacker just disappears.

The Victims of This Scam

Both buyers and sellers are victims here, and in many cases, both are left in the dark because the hacker hijacks the conversation. In other words, they take control of the emails and play both parts. This gives the hacker plenty of time to cover their tracks and get away, and in the meantime, money and time is lost for all parties involved. A wire fraud happening in the finance industry used to be a “thing,” but there are so many security protocols in place within finance making it difficult to pull off a transfer scam within the financial space.

Tips to Keep Email Fraud at Bay

These tips are for buyers, brokers, and real estate agents.

  • All email account passwords should include uppercase, lowercase, numbers and characters. Never use the same password twice—NEVER.
  • All email should have two-step authentication. This means after logging in, a one-time password is texted to the user’s mobile for account access.
  • Make sure to change all passwords for online accounts, including Wi-Fi, regularly and especially after a data breach.
  • Escrow services are your friend. There’s a ton of them. The gallery or broker will, or should, have a relationship with a trusted source.
  • Pick up the phone, and confirm every aspect of a transaction until you are blue in the face and annoying everyone involved to the point you are satisfied that the money is safe.
  • Update all of your anti-virus software.
  • When you send an invoice via email, call or text a trusted number of the recipient to double check that they got it and that they have the correct account number.
  • Urge all of your staff to remain vigilant when opening emails, and make sure that they do not click on any links or download attachments unless the correspondence has been verified by phone. If you have doubt, contact the sender by phone.

There is so much more to this, and, while I can’t solve all the world’s problems, I can at least make you cyber-security smarter and digitally literate.

Become CSI Protect Certified

If any or all of the above has left you empowered, meaning you feel you have a grip on it all, good for you. If the above was a bit overwhelming, confusing and made you feel like you have a LOT of work to do, then you need to become CSI Protect Certified. That means as a small business owner you become fully versed in Cyber Social and Identity Protection. CSI Protection Certified Agents recognize risk and know how to protect their information, their business data and their clients security.

ROBERT SICILIANO CSP, is a #1 Best Selling Amazon author, CEO of CreditParent.com, the architect of the CSI Protection certification; a Cyber Social and Identity and Personal Protection security awareness training program.

Louisiana Woman Tries to Buy a Million Dollar Home with False Documents

Have you ever seen a house and thought…I wish I could afford that? Some people actually try it, but let this story be a lesson learned: if you can’t afford the cost of a house, you probably shouldn’t try to buy it.

Robert Siciliano Marriott Breach

Pamela Chandler was arrested and now faces forgery charges after she tried to purchase a home with a million-dollar price tag. How did she do it? She used false documents. Chandler, who also goes as Pamela Goldwyn, was arrested by a special Financial Crimes Task Force in Bossier City, LA. She also has several warrants out for her in Texas with crimes including fraud and the exploitation of certain groups of people including children, the elderly or the disabled. She was booked in jail and was not given a bond, as she is a flight risk.

According to court records, Chandler, who lists her age as 47, has a permanent address in Athens, Texas, but also has addresses in Maryland and Louisiana. A local Bossier City realtor reported her to local law officials after she tried to use illegitimate paperwork to buy the home. She claimed to have a trust fund, but the paperwork just didn’t add up. As the task force began to investigate the situation, it was found that she had also altered a letter from a layer to try to convince the realtor that she had enough in this fake trust fund to buy the home. It was also discovered that she had used a number of aliases over the years. It is believed that she uses an alias in a specific area until law enforcement catches on to her scams, and then changes her name and moves to a new area.

Much of the problem here can be blamed on easily obtained fake IDs. The fact is, our existing identification systems are insufficiently secure, and our identifying documents are easily copied. Anyone with a computer, scanner and printer can recreate an ID. Outdated systems exasperate the problem by making it too easy to obtain a real ID at the DMV, with either legitimate or falsified information.

Some of the department of multivehicle new requirements of improving facial recognition include not smiling for your picture or smile as long as you keep your lips together. Other requirements meant to aid the facial recognition software include keeping your head upright (not tilted), not wearing eyeglasses in the photo, not wearing head coverings, and keeping your hair from obscuring your forehead, eyebrows, eyes, or ears.

The fact is, identity theft is a big problem due to a systematic lack of effective identification and is going to continue to be a problem until further notice. In the meantime it is up to you to protect yourself. The best defense from new account fraud is identity theft protection.

ROBERT SICILIANO CSP, is a #1 Best Selling Amazon author, CEO of CreditParent.com, the architect of the CSI Protection certification; a Cyber Social and Identity Protection security awareness training program.