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Part 6 Realtors and Nationwide Identity Theft

By
Services for Real Estate Pros

Nationwide identity theft is no big surprise to any Realtor.  What might be a surprise is how their clients could have their identity stolen while on a business trip to locate their new home.  For the most part most Real Estate offices have secure computers where the identity of their clients is safe. 

So where might the identity of a client be stolen?  Imagine with me as I describe a true story.  All the way from Columbia, a citizen we'll call Salvador utilized illegally installed keystroke logging software on public computers in hotels, airports and lounges all over the United States.  The people who used these computers were professionals who traveled for business.

Salvador used this software to collect the personal information of over 600 people over a 18 month period.  He collected every bit of financial data including social security information, credit information, medical information, passwords, you name it.  Salvador was able to steal and divert money from people who unknowingly were giving him their personal information with every keystroke on the public computers they were using.

The story goes on to describe the details of how Salvador's lavish lifestyle and how he was able to avoid being caught.  This internet thief was eventually caught but not before living "high on the hog" with the money of over 600 people whose identity he stole.

Advice for your clients:  Have them do their business with their banks directly or use the computers of people they know and trust.  Advise them to watch avoid using unsecured wireless connections in hotel lobbies or anywhere else for that matter.

Advice for Realtors: Be certain to secure your wireless connections in your office and/or your home office, especially when working with your client's files online.

Great Legal Help

Comments(2)

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DeAnna Troupe
Learn Small Business - Stone Mountain, GA

So what do you think about using computers at Kinko's and places like that?

Jul 17, 2008 07:32 PM
Cedric (Ced) Reynolds
Covina, CA
(909) 263-4569

Deanna, thanks for your participation in this blog.  I do need to mention that identity theft is one of those things that we really can't stop.  It's like if somebody wants to break in your home they will or if they want to steal your car they will.  All we can do is do what we can to deter our identity from being stolen.  But like auto insurance or home owners insurance we are able to restore the items that were stolen because we carry the right insurance.  Identity theft coverage helps to get your most valuable possession (your identity) restored.

In answer to your question, I use computers at Kinkos but only for printing or art work.  I never use any public computers for my personal business.  I even have a secured wireless connection in my office and I still don't do any of my personal business on those computers. 

Hope that helps,

Ced

Jul 18, 2008 03:11 AM