Real EstateProtecting the Client’s Personal and Confidential Information
Built on Relationships and Trust
Real estate brokerages, associations, and MLSs handle and store sensitive data every day. Brokers and agents collect PII (Personally Identifiable Information) including: Social Security numbers in order to perform credit checks, bank account information contained in mortgage documents and closing statements, personal checks used for deposits, credit card information to make various payments for inspections or appraisals, Divers’ license numbers collected as a safety precaution when agents leave the oﬃce with a new client for the ﬁrst time, as well as mobile phone numbers, information on relatives and references, etc. This information is collected because the agent is trying to help their client, but in reality, may be exposing themselves to legal risk if not handled and disposed of properly.
- National Real Estate Investor
- Top Five Cybersecurity Threats to Real Estate Businesses (Sept 15, 2017)
A Better Approach
The Real Estate industry continues to be target due to the amount of sensitive information being communicated and transmitted of part of real estate transactions. The more collaborative and distributed and industry or company is the more difficult it is to control and safeguard valuable information. Data security is more important than ever.