Industry News

Security system debuts for real estate transaction systems

Aims to protect data stored in broker's online systems

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Clareity Security has released a new security product that aims to protect real estate transaction management systems used by brokers and agents to track property deals. The product, SafeTMS, protects against unauthorized access to sensitive customer and transaction information using a one-time-use, password-generating device called an authenticator, or key-fob token. Brokers and agents use transaction management systems to track real estate deals online, enabling communication among all the parties and vendors while a deal is in progress. SafeTMS uses the same technology as Clareity's other security product, SafeMLS, and the same token devices can be used for both, the company said in an announcement. "Transaction management systems contain some of the most personal and sensitive information in real estate," said Gregg Larson, CEO of Clareity Security. The new product can help mitigate risk and liability factors inherent in storing this type of data online, he added. Clareity Secu...