The owners of a Michigan title agency which experienced an $180,000 wire fraud breach in 2015 have developed a platform designed to prevent others involved in the real estate process from experiencing the same problem. The platform was introduced at the National Settlement Services Summit in San Antonio in June.">
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Wire fraud prevention platform launched
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Technology
Friday, November 10, 2017
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The owners of a Michigan title agency which experienced an $180,000 wire fraud breach in 2015 have developed a platform designed to prevent others involved in the real estate process from experiencing the same problem.
The platform, which was introduced at the National Settlement Services Summit in San Antonio in June, promises to authenticate the identities of transactional parties and share banking information securely.
Read on to learn the guarantee amount for each transaction.
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