That’s how much wire fraud scams increased in 2016 for title insurance companies.
But why are scammers targeting title insurance companies?
Fraudsters are looking at real estate transactions and trying to scam you into changing a payment type (from a check to a wire transfer) or to a different account number that they control. They do this through emails to both businesses and individuals. In all, they tried to swipe over $5.3 billion in stolen monies.
With so much of the real estate and title insurance business happening online now, you can’t be too careful when it comes to protecting your money and your property.
That’s why Jones and Raulston invests so much in financial security. We have invested more in fraud prevention and financial security than any other title insurance agency in Chattanooga. We invest in state-of-the-art encryption that protects the security of commercial and residential transactions, all while keeping files secure as well. We work tirelessly to ensure that your real estate process is easy and secure for your clients. They can rest easy knowing that we go above and beyond to serve their best interests, and you can know you’re putting your clients with the safest title insurance agency in the area.