December 01, 2017

Data-breach experts say phishing scams are becoming more sophisticated and targeting CEOs and high-ranking employees who have access to financial information. In addition, small businesses, like real estate brokerages, are targeted and often underestimate their exposure to cyber attacks. Here are a few ways to protect your business.

• Work with an IT professional to ensure your brokerage is securing data properly.
• Train agents and employees to verify any unusual instructions that appear to come from a broker, manager, CEO, or other executive.
• Invest in cyber insurance.
• If you are hit with a data breach, experts say to notify those in your database—even if you aren’t legally required to—since doing so will help maintain your clients’ trust.