Does Your Real Estate Company Need Cyber Liability Insurance?

Much of the real estate industry takes place online these days. It seems as though every company has their own website with listings, information, and contact forms that require a lot of data. You don’t have to have your clients’ social security numbers or bank account information to be held liable in the case of a data breech. Simply having names and addresses makes you accountable. Cyber liability for real estate businesses keeps you protected should an outside part get a hold of any important data.

 

Cyber Risks

 

Most people think that they are not at risk for a data breech, but in reality anyone who places any personal information online could fall prey to a hacker. Because so many real estate agents have to handle the information of their clients on a regular basis, they are especially susceptible to hacking, malware, or phishing. While the real estate industry relies on the use of personal information to complete transactions, it is important to note that the type of information collected by real estate agents is exactly what cyber criminals are looking for.

 

Protect Yourself

 

Cyber liability for real estate cannot prevent a data breech, but it can offer you protection. Your small business needs the backup that comes from cyber liability so that you can stay in business and continue serving your clients to the best of your ability.

photo credit: Diana Parkhouse cc
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