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Affordable data security options for small brokerages

Part 2: Data protection and real estate: What you need to know

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Editor's note: With identity theft and mortgage fraud on the rise, the security and privacy of consumer data in real estate transactions is a real concern, and experts say that companies need to manage security policies closely to improve consumer trust and protect themselves from lawsuits. In this three-part report, Inman News looks at three aspects of data protection: online property listings, options for small brokerage offices, and how the lender community is safeguarding sensitive consumer information. (See Part 1 and Part 3.) Imagine being the real estate broker who has to face a group of homeowners to let them know that a laptop was stolen containing their homes' listing information, along with their personal financial profiles. Such situations are a rising concern among consumers since high-profile cases at a few major banks and ChoicePoint came to light last year. The security and privacy of consumer data in real estate transactions is also a concern, and companies need ...