RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

Cybersecurity Protocol? Many Don’t Have One, or Don’t Know If They Do

Home Agents
By Suzanne De Vita
May 10, 2018
Reading Time: 2 mins read
Cybersecurity Protocol? Many Don’t Have One, or Don’t Know If They Do

Digital security concept 3d

In the age of breaches and fraud—and in an industry becoming more and more reliant on technology—agents and brokers are contending with ever-evolving issues related to security.

Disconcertingly, many either do not have a brokerage cybersecurity policy, or are not aware that one exists—a unique vulnerability, according to findings from the new RISMedia Research survey, “Cybersecurity: Are You Safe or Suspect?” Although 54 percent of the agents and brokers who participated in the survey have a cybersecurity policy, 27 percent are “not sure,” and 19 percent have no policy at all.

Education is lacking, the findings reveal. Agents and brokers are divided on knowledge of the laws pertaining to data privacy and storage: 52 percent know their local statutes, but 48 percent do not. Of the brokers surveyed, 50.2 percent have no agent cybersecurity education or training, but 49.8 percent do—an almost even split. As demonstrated in recent years, information that is mishandled can have ramifications for agents and brokers, who can be held liable, and clients, who have been compromised.

Consumer education is key. Approximately 53 percent of those surveyed inform their clients about their cybersecurity practices/policy by email, 42 percent with a document(s), and 28 percent via their website. Many communicate their cybersecurity policy face-to-face or on the phone throughout the transaction.

The Biggest Issues
The conversation around cybersecurity is focused largely on wire fraud, in which criminals commonly “phish” for transactions—and it was the No. 1 concern cited by respondents (37 percent). Although the majority of those surveyed have not been directly impacted—just 13.7 percent reported they have—many have had attempts made.

“We’ve been able to intercept threats to date, but it’s becoming more frequent,” one respondent said. “This is a big concern.”

“I wasn’t directly involved in the case, but one person asked me to assist her to find housing after she lost thousands of dollars in a wire fraud,” said another respondent.

Of those who have been victimized, 62 percent could not retrieve what was stolen.

Prevention
Despite the challenge continuously developing, agents and brokers are adopting practices to stave off threats, including antivirus software, backing up data and changing passwords regularly. Many also have an e-signature system, and some enable two-step authentication and/or encrypt emails. One-quarter of respondents, roughly, have cyber insurance, which is above and beyond their errors and omissions policy.

“I do whatever I can to ensure cybersecurity,” one respondent said. “I try not to talk to unusual phone calls regarding internet network security, or give access to my computer to potential hackers.”

Get more findings in the following infographic:

Cyber_V4

DeVita_Suzanne_60x60Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

Tags: CybersecurityData BreachReal Estate Agent Best PracticesReal Estate Broker Best PracticesReal Estate Fraudreal estate newsRISMedia ResearchRISMedia SurveyWire Fraud
ShareTweetShare

Suzanne De Vita

Related Posts

NAR
Industry News

NAR Praises ‘Big Beautiful Bill’ as ‘Major Win’ for Real Estate

July 3, 2025
Mortgage Rates Post Biggest Drop Since March 2025
Industry News

Mortgage Rates Post Biggest Drop Since March 2025

July 3, 2025
Upbeat New Jobs Report in June Leaves Housing in ‘Holding Pattern’
Agents

Upbeat New Jobs Report in June Leaves Housing in ‘Holding Pattern’

July 3, 2025
The AI Advantage: Experts Share How AI Is Revolutionizing Real Estate—and Why the Potential for Agents Is Limitless
Best Practices

The AI Advantage: Experts Share How AI Is Revolutionizing Real Estate—and Why the Potential for Agents Is Limitless

July 3, 2025
The 3 ‘Hottest’ Markets in Each Region This Spring
Agents

The 3 ‘Hottest’ Markets in Each Region This Spring

July 2, 2025
5 Signs a Senior Homeowner May Be Ready to Downsize
Agents

5 Signs a Senior Homeowner May Be Ready to Downsize

July 2, 2025
Please login to join discussion
Tip of the Day

4 Ways to Market to the Next Generation of Buyers

Every new generation has a chance to upend the status quo, introduce new ideas into the zeitgeist and radically shift the priorities of a society. Read more.

Business Tip of the Day provided by

Recent Posts

  • NAR Praises ‘Big Beautiful Bill’ as ‘Major Win’ for Real Estate
  • Mortgage Rates Post Biggest Drop Since March 2025
  • Upbeat New Jobs Report in June Leaves Housing in ‘Holding Pattern’

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2025 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2025 Newsmakers
    • 2024 Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2025 Power Broker
    • 2024 Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2025 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

X