Key Takeaways
- Real estate transactions involve large wire transfers and sensitive personal data, making the industry a top target for business email compromise (BEC) and wire fraud.
- CoreRecon provides managed cybersecurity and IT services for Texas real estate brokerages, title companies, property managers, and developers.
- Our solutions address TREC regulations, the FTC Safeguards Rule, PCI DSS, and state data protection requirements.
- Veteran-owned SDVOSB with 30+ years of cybersecurity experience protecting financial transactions.
Real estate is one of the most targeted industries for wire fraud and business email compromise attacks. Every day, real estate professionals handle high-value transactions involving earnest money deposits, down payments, and closing funds — often communicated through email. Cybercriminals exploit this workflow to redirect hundreds of thousands of dollars in a single attack.
CoreRecon provides managed IT and cybersecurity services built for the specific threats and operational needs of the Texas real estate industry. We protect your transactions, your clients’ data, and your business reputation.
Why Real Estate Is a Prime Target for Cyberattacks
The real estate industry’s reliance on email for transaction communication creates the perfect environment for BEC attacks. Attackers monitor email conversations between buyers, sellers, agents, and title companies — then insert fraudulent wire instructions at the critical moment when funds are being transferred. The average loss from real estate BEC attacks exceeds $150,000, and many victims never recover the stolen funds.
Beyond wire fraud, real estate professionals handle sensitive personal information, including Social Security numbers, financial statements, tax returns, and employment records, during every transaction. This data is valuable for identity theft and creates compliance obligations under the FTC Safeguards Rule and Texas data protection laws.
Real Estate Organizations We Serve
CoreRecon serves real estate professionals and organizations across Texas, including residential and commercial brokerages, title companies and escrow services, property management companies, real estate investment trusts (REITs), commercial and residential developers, mortgage brokers and lenders, real estate attorneys, appraisal firms, and multi-family property operators.
CoreRecon’s Cybersecurity Services for Real Estate
Wire Fraud Prevention
CoreRecon implements multi-layered wire fraud prevention, including advanced email security with domain authentication (DMARC, DKIM, SPF), AI-powered phishing detection that identifies spoofed emails from title companies and lenders, data loss prevention to flag wire instruction changes, and secure communication portals for sharing closing documents and wire details outside of email.
24/7 SOC Monitoring
Our 24/7 SOC monitors your brokerage or title company network continuously, detecting unauthorized access to transaction management systems, email compromises, and data exfiltration attempts.
Security Assessments
CoreRecon’s security assessments evaluate your organization against the FTC Safeguards Rule, TREC technology requirements, and industry best practices — identifying vulnerabilities before attackers exploit them.
Penetration Testing
Our penetration testing identifies vulnerabilities in your IT infrastructure, web applications, and remote access systems that could enable wire fraud or data theft.
Incident Response
When a wire fraud or data breach occurs, CoreRecon’s incident response team provides rapid investigation, containment, and recovery assistance — including coordination with financial institutions for fund recovery attempts.
FTC Safeguards Rule Compliance
The FTC Safeguards Rule requires financial institutions — including mortgage brokers, title companies, and certain real estate firms — to develop, implement, and maintain comprehensive information security programs. The revised Safeguards Rule imposes specific technical requirements, including designated qualified individuals, written risk assessments, access controls, encryption, MFA, continuous monitoring, incident response plans, and regular security testing. CoreRecon helps real estate organizations implement all required controls and maintain ongoing compliance.
Managed IT Services for Real Estate
CoreRecon provides managed IT services that support efficient real estate operations. Our services include MLS and transaction management platform support, CRM integration and management, secure document management for transaction files, cloud services with encrypted storage for sensitive documents, mobile device management for agents in the field, VoIP and communication systems for multi-office brokerages, backup and disaster recovery, and responsive help desk support.
Why Texas Real Estate Professionals Choose CoreRecon
CoreRecon understands the fast-paced, transaction-driven nature of real estate. We deliver security solutions that protect your business without slowing down your deals. As a veteran-owned SDVOSB serving San Antonio, Dallas, Houston, Austin, and Corpus Christi, we bring 30+ years of cybersecurity expertise to the Texas real estate industry.
Frequently Asked Questions
How can real estate agents prevent wire fraud?
Implement email authentication (DMARC/DKIM/SPF), use out-of-band verification for all wire instructions (call using a known number, not one from the email), deploy advanced phishing detection, and educate all parties about wire fraud risks before every closing.
Does the FTC Safeguards Rule apply to real estate companies?
The Safeguards Rule applies to financial institutions, including mortgage brokers, title companies, and real estate settlement services. Some real estate firms may also be covered depending on their activities.
How does CoreRecon protect transaction data?
We implement encryption for data at rest and in transit, access controls based on role and need-to-know, secure document portals for sharing sensitive files, and monitoring for unauthorized access to transaction management systems.
What should a real estate company do after a wire fraud incident?
Immediately contact your bank to attempt to recall the wire transfer, file a report with the FBI’s IC3, preserve all email evidence, notify affected parties, and engage incident response support to prevent further compromise.
Can CoreRecon support multi-office brokerages?
Yes. We manage IT infrastructure across multiple brokerage offices with centralized security, consistent policies, and support for agents working remotely or from multiple locations.
Protect Your Real Estate Business Today
One wire fraud attack can cost your business hundreds of thousands of dollars and destroy client trust. CoreRecon delivers the security your real estate operations need. Contact us at (800) 955-2596 or request a free consultation.