Wire fraud is skyrocketing in real estate. So why are home buyers and sellers so unprepared to face it during a real estate transaction?
Tom Cronkright (Co-Founder & Executive Chairman, CertifID) and Matt O’Neill (Former Head of the United States Secret Service’s Global Intelligence Operations Center) break down the latest data from our State of Wire Fraud 2025 report (certifid.com/sowf), including:
🔺 What 1,500 consumers know about the risks of wire fraud
🔺 How AI is fueling more sophisticated scams
🔺 Why 79% of consumers say they want more security from RE firms (and willing to pay for it)
🔺 The increasing gap in wire fraud awareness across the industry
Plus, they also explore law enforcement’s fight against fraud, the role title companies, law firms, and real estate agents have in preventing it, and the need for better security measures across the industry.
This webinar originally streamed on March 12, 2025.
CertifID is a leader in wire fraud protection. We safeguard billions of dollars every month from fraud with advanced software, insurance, and proven recovery services. Trusted by title companies, law firms, lenders, realtors, and home buyers and sellers – CertifID provides further peace of mind with up to $2M in direct coverage on every wire it protects. Learn more at: https://www.certifid.com.
Download the State of Wire Fraud 2025 report:
certifid.com/sowf
Read more about the data around real estate wire fraud:
https://www.certifid.com/article/state-of-wire-fraud-2025-what-consumers-want-real-estate-professionals-to-know
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Timestamps
00:00 – Introduction to Wire Fraud and Real Estate
02:06 – The Rise of Real Estate as a Target
05:46 – Consumer Awareness and Education on Wire Fraud
10:07 – The Complexity of Real Estate Transactions
14:08 – The Role of Financial Institutions in Fraud Prevention
18:03 – The Impact of Technology on Fraud Recovery
21:53 – The Future of Wire Fraud and Consumer Protection
26:52 – Understanding Regional Fraud Trends
29:05 – The Vulnerability of First-Time Home Buyers
32:32 – The Role of Real Estate Professionals in Fraud Prevention
36:34 – The Limitations of Law Enforcement in Fraud Cases
39:07 – The Need for Enhanced Security Measures
41:43 – The Impact of AI on Fraud Techniques
48:17 – Future Strategies for Fraud Prevention
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