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Many leaders think, "We do 1,000 transactions a month-losing one isn't catastrophic."

But here's the reality:
A $500,000 wire fraud loss doesn't just impact a deal-it hits your bottom line.

If your average profit per transaction is around 1.5%, you'd need to close 67 more $500,000 transactions just to earn that money back.

In other words, you're working for free until those deals close.

Cybercrime isn't a technology issue.
It's a profitability issue.
It's a business continuity issue.

Read more:
https://cyber411.ai/blog/rethinking-cyber-risk-one-fraudulent-transaction-can-wipe-out-dozens-of-legitimate-deals/

#ALTACyber #Cyber411 #CyberRisk #WireFraud #RealEstateFraud #TitleIndustry #FraudPrevention #BusinessContinuity #CybersecurityLeadership #InfoSec #BottomLineSecurity

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Bruce Phillips
SVP & CISO
WFG National Title Insurance Company
Irvine CA
+1 (949) 430-3776
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Bruce:

Unfortunately, this threat is more tangible than ever, and the fear of succumbing to these scams persists like a looming shadow. We must all exercise extreme caution. Thank you for sharing

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Mary Enzi CAA
Tax Solutions – FIRPTA Consulting
[email protected]
+1 (281) 578-1040
Office Manager
Katy TX
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Original Message:
Sent: 07-18-2025 09:26
From: Bruce Phillips
Subject: One fraudulent transaction can erase months of legitimate work.

Many leaders think, "We do 1,000 transactions a month-losing one isn't catastrophic."

But here's the reality:
A $500,000 wire fraud loss doesn't just impact a deal-it hits your bottom line.

If your average profit per transaction is around 1.5%, you'd need to close 67 more $500,000 transactions just to earn that money back.

In other words, you're working for free until those deals close.

Cybercrime isn't a technology issue.
It's a profitability issue.
It's a business continuity issue.

Read more:
https://cyber411.ai/blog/rethinking-cyber-risk-one-fraudulent-transaction-can-wipe-out-dozens-of-legitimate-deals/

#ALTACyber #Cyber411 #CyberRisk #WireFraud #RealEstateFraud #TitleIndustry #FraudPrevention #BusinessContinuity #CybersecurityLeadership #InfoSec #BottomLineSecurity

------------------------------
Bruce Phillips
SVP & CISO
WFG National Title Insurance Company
Irvine CA
+1 (949) 430-3776
------------------------------