State to hold free real estate cyber security conference Nov. 14 in Springfield

Make sure you and your clients are protected at closings. (Bigstock Photos)

Illinois REALTORS® are invited to “Cyber Security Issues Related to the Real Estate Closing Process,” from 9 a.m. to noon, Tuesday, Nov. 14 at the Abraham Lincoln Presidential Library.

Registration begins at 8:30 a.m.

MCLE credit will be awarded to attorneys.

The event is sponsored by the Illinois Department of Financial and Professional Regulation (IDFPR), in partnership with:

  • Illinois REALTORS®
  • National Association of REALTORS®
  • Illinois Land Title Association
  • Illinois Credit Union League
  • Illinois Bankers Association
  • American Land Title Association
  • Greater Midwest Lenders Association
  • Illinois Mortgage Bankers Association
  • Illinois Real Estate Lawyers Association
  • Community Bankers Association of Illinois and
  • Illinois League of Financial Institutions.

 

NAR Facebook Live video offers REALTORS® tips to prevent cyber crime

Small to mid-size companies can be devastated by damage to their business from wire fraud, data breaches, ransomware and other cyber crime, and that’s why National Association of REALTORS® is providing members with a recorded version of the Facebook Live presentation, “Cyber crime, cybersecurity and the real estate professional.

For example, National Association of REALTORS® Associate Counsel Jessica Edgerton cites the Ponemon Institute when she says, “Sixty percent of small businesses that are victimized by a successful cybersecurity breach go out of business within six months.”

Edgerton reviews some of the ways hackers operate and offers best practices for your business. She offers several key takeaways and says education is the best defense REALTORS® have for their businesses. The video offers links to several important cyber security resources for REALTORS®.

Watch the video now.

NAR cybersecurity list gives many ways to protect consumer trust

Bigstock Images

REALTORS® can take steps to protect the information they collect from consumers by using best practices in several aspects of their real estate businesses including email, password protection, setting up information policies and maintaining appropriate insurance coverage, according to the National Association of REALTORS®.

Check the NAR “Cybersecurity Checklist” for ideas you can review and implement.

NAR suggests Illinois REALTORS® work with an attorney licensed in Illinois to help develop cybersecurity-related programs, policies and materials.

 

Learn how to protect your business from cybercrime at IDFPR conference

Source/Bigstock

Worried about hackers, computer viruses and wire fraud?

If you aren’t, you should be.

The Illinois Department of Financial and Professional Regulation has put together a presentation on cybersecurity for real estate practitioners that should help protect your business.

The Cybersecurity Conference is 8:30 a.m.-noon June 6, in Chicago at the James R. Thompson Center auditorium and is open to all Illinois REALTORS®.

The session features presentations from an FBI special agent, industry leaders and includes a demonstration on how easy it is for hackers to get into your systems.

In light of the recent “Wannacry” computer malware infestation, this session could save you money and a lot of hassle. The agenda for the conference is here.

The IDFPR Cybersecurity Conference is sponsored in partnership with Illinois REALTORS®, the National Association of REALTORS® and a host of industry-affiliated organizations and firms.

The Thompson Center is located at 100 W. Randolph St, Chicago, IL 60601.

How to avoid WannaCry ransomware and other cyber threats

The WannaCry ransomware has attacked computers across the world. (Bigstock Image)

Ransomware has been attacking computers with Windows operating systems since last week and Inman Select gives REALTORS® four ideas to protect their systems from hackers. Meanwhile, NAR offers some resources to keep your computers more secure and protect private information of customers.

In the Inman Select story, “What real estate agents and brokers should be doing about WannaCry,” suggestions for REALTORS® include using “business-grade equipment,” updating software when prompted by onscreen messages, backing up data on computers and working with partners who take security seriously. Read more.

The ransomware known as “WannaCry” has struck more than 200,000 devices in more than 150 countries, disabling them and demanding payment before a remedy is provided.

In March, the NAR reminded members to protect their computers from loss of data, scams and hacks by following best practices. By logging in and using the NAR Data Security and Privacy Toolkit, members safeguard email, transactions, business procedures and limit damage. Some suggestions in the toolkit included:

  • Use encrypted email;
  • Never trust contact information from unverified emails;
  • Use strong passwords and change them frequently;
  • Make sure all parties use secure email procedures for transactions;
  • If wiring money, call intended recipients immediately prior to verify wiring instructions;
  • Develop and enforce policies for ensuring data security; and
  • Avoid storing clients’ personally identifiable information any longer than necessary.

Other NAR data privacy and security resources can be found here.

The toolkit also provides a link to the Federal Bureau of Investigation’s Internet Crime Complaint Center.