Chris and Nicole have seen people experience wire fraud time and time again. Frustration begins to set in because wire fraud is something that can be prevented through various steps that are simple and free. But with that being said, why isn’t the industry taking wire fraud as seriously as they should? It can all be traced back to those who don't believe wire fraud will happen to them or just don’t understand how and why it happens at all. 

In order to prevent wire fraud the industry has to make some serious changes. Chris goes into detail on three ways the industry will be forced to make adjustments: Litigation, Law Making, and Disruption. With these being the main ways we will see change in the future of the industry, it’s important to understand how our society and technology will both change along with it. 

Chris and Nicole wrap up the podcast by explaining the potential downfall the industry will face if they do not adapt to new and improved methods of wire fraud protection. Consumers are losing thousands of dollars to wire fraud and it is creating major distrust in the real estate industry. Understanding why wire fraud happens, how it happens, and how we can adapt to the changes needed to be made will keep the industry strong and successful. 

Join Chris and Nicole as they uncover the facts and share their expert insights. Real estate wire fraud is the problem, SafeWire is the solution. 🔒

Learn how wire fraud happens and how to protect yourself.

The real estate industry is constantly evolving which requires our wire fraud protection methods to advance alongside it. This week's episode of The Wire talks about two general authentication methods that are used in order to ensure you are who you say you are when logging into personal accounts. Multi-factor and knowledge-based authentication are two of the most commonly used protection techniques today.

Chris and Nicole break down which of these authentication systems works the best in our rapidly changing society and why these techniques work. The real estate industry itself needs to utilize the most secure method and adjust to current times in order to keep their business protected. 

Join Chris and Nicole as they uncover the facts and share their expert insights. Real estate wire fraud is the problem, SafeWire is the solution. 🔒

Learn how wire fraud happens and how to protect yourself.

On this week’s episode of The Wire, Chris and Nicole kick off with one of the largest issues regarding wire fraud: general lack of awareness of how it happens and who it is happening to. Nicole researched to see exactly who it is affecting, however, they are stuck with the question of why we aren’t seeing these cases throughout the mainstream media. GoFundMe pages are essentially the only source of representation for how this is affecting not only families, but professionals in the real estate industry as well. 

Wire fraud is an epidemic that Chris and Nicole have seen time and time again. There are professional fraudsters lurking around the digital real estate industry who will do anything they can to divert a wire transfer in the amount of hundreds, or even thousands of dollars to themselves, so it’s critical to understand that no one person is safe from wire fraud. Understanding that the future of real estate will be compromised if there are no significant changes is crucial.

Chris and Nicole finish with a set of suggestions that listeners can abide by if they are unsure on how secure their personal information/email currently is. Neglect and ignorance as to how wire fraud happens is no excuse for the financial loss it can cause. The SafeWire team promotes and spreads information on wire fraud because as an industry, everyone is responsible and it is better to be secured and protected from wire fraud. 

Join Chris and Nicole as they uncover the facts and share their expert insights. Real estate wire fraud is the problem, SafeWire is the solution. 🔒

Learn how wire fraud happens and how to protect yourself.

View the GoFundMe referenced in the podcast: https://www.gofundme.com/f/help-for-the-mickles-family