StealthMail Announces the Launch of Email Security Solution to Protect Real Estate from Wire Fraud

SAN FRANCISCO - June 24, 2020 - PRLog -- StealthMail announces the launch of  StealthMail solution for real estate to help the industry protect itself against wire fraud, which is, currently, the most burning issue for the industry.

The solution is designed to help real estate agencies and their customers, involved in the transactions, secure their email communication. This ensures the safety of financial information for homebuyers, and protects the reputation of title companies.

As a response to the ongoing cyberattacks, which compromise email systems of title companies to change the wiring instructions in the closing stages of the homebuying process, StealthMail offers a 30-day free trial of its email security solution with unlimited functionality.

"Real estate wire fraud is one of the fastest rising cybercrimes in the United States, but it hardly gets enough attention. The United States has only a 15% wire fraud incidents report rate, while losses often exceed $8 million monthly." – Evgen Verzun, Cyber-security expert, CTO of StealthMail.

Real estate wire fraud annually victimizes title and escrow companies, real estate agents, homebuyers and sellers. According to the FBI's 2019 Internet Crime Report, 11,677 victims reported the crime with a combined monetary loss of $221 million.

Realizing that real estate wire fraud scams revolve around unprotected email communication, StealthMail keeps all critical data of an organization in an encrypted state in a protected storage, never exposing it to the threats of the public Internet. StealthMail gives its users complete and exclusive control over their encryption keys, data, and access rights, while emails become indecipherable to outsiders thanks to scrambling, splitting and mixing algorithms used in the patented SDNP technology.

The use of this solution will help the real estate agencies to protect sensitive information better, reduce the impact of the human factor, and mitigate vulnerabilities of traditional email communication. The solution also allows title companies to comply with stringent privacy regulations (СCPA, GLBA, PCI DSS, GDPR, SOX.)

Scheduling email recall and restricting access features, along with the possibility to monitor who accessed sensitive information and when, gives full visibility of how the information is being processed.

The solution from StealthMail is being used across all major industries with critical infrastructure like banking and financial services, energy, e-commerce, healthcare and now available for the customers from the real estate space.