Fraud and cybercrime has escalated. Technology and tactics used by cybercriminals to access financial, corporate and personal data, particularly relating to real estate transactions, continues to evolve. Bottom line, any of your data and transactions could be at risk.
What can you do to protect yourself?
- SECURE your devices and accounts to help safeguard your information.
- Shake Up Your Password Protocol: create strong, unique passwords
- Always lock your laptop or mobile device when not in use and never leave them unattended in a public place
- Double Your Login Protection by turning on multi-factor authentication for your personal accounts where available
- Play Hard To Get With Strangers: learn how to spot and avoid phishing attempts
- For your 1031 Exchanges, choose a QI that is informed and vigilant and one that has proactive protections in place to thwart cybercriminals.
A Qualified Intermediary (QI) holds your funds during the 1031 Exchange. However surprisingly, there are no Federal requirements regarding the security that QIs have in place for the monies they are holding for their customers. With IPX1031 as your QI, rest assured that protective measures are in place to safeguard your real estate funds:
- Security measures: IPX1031 implements a number of security measures, including the use of a secure electronic document-signing platform, to help eliminate potential fraudulent activity from those involved in an exchange transaction.
- Financial Assurance: IPX1031 is a Fidelity National Financial company (NYSE:FNF). As part of a Fortune 500 Company, IPX1031 provides sophisticated technologies to protect your funds that are backed by a 100 Million dollar Fidelity Bond and a separate 50 Million dollar Written Performance Guaranty. Click here to see our full umbrella of coverage.
Cybercrime is evolving and will continue to be an ongoing threat. Ask your QI about their cybercrime prevention policies and vigilance to secure all of their customers’ Exchange funds. Your funds depend on it.
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Stay Safe Online
The FBI’s “Addressing Threats to the Nation’s Cybersecurity” brochure
USA.gov Online Security and Safety
Symantec’s How to Protect Yourself Against Cybercrime
IPX1031’s Take Steps to Combat Cyber Fraud