Combating Fraud in Commercial Real Estate
Every Commercial Real Estate (CRE) company is vulnerable to fraud, so it's important to know how to mitigate these threats. With digital efficiencies becoming more prevalent in the business world, so does the threat of cyberattack, especially via Business Email Compromise (BEC).
BEC is a scam in which the attacker gains access to a corporate email account and poses as the CEO or another executive to defraud the company of money. In the CRE industry, attackers can score a huge payoff by falsifying a single transaction. Company-wide education and awareness are your best defense to stay protected.
In this tip sheet, we cover:
- Common BEC tactics you need to know to spot the warning signs before it's too late
- Tips to protect your business and systems that can help combat fraud
- CRE industry best practices to ensure your company is safe from cyber fraud
- What to do if your company is a victim of cybercrime
Check out our free tip sheet to learn how to protect your company.
If you have questions about cybersecurity and keeping your business secure, don't hesitate to contact one of our Treasury Management Specialists.