A securities expert told an audience at the National Association of Realtors' (NAR's) annual conference that cybercrimes against real estate agents and companies are increasing at a record-setting pace.  Robert Siciliano, CEO of Safr.Me, said those crimes, which include transfer fraud and compromised records in real estate transactions, have increased over the past two years. This year, due to poor security systems and neglectful behaviors, the crimes appear to be growing faster than ever.  Agent and companies have to defend information from spyware, malware, ransomware and keyloggers. "Equifax's data breach affected 143 million people," Siciliano, who was once a victim of a cybercrime himself, said  "So, the bad guys already have your identity. Maybe you have been affected, maybe not, but it's just a matter of time.  Bad guys are more organized than ever," he added . "And now that they have your information, they turn that into cash."

 

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