In this new virtual world, cybersecurity protection of your personal identifying or identifiable Information (PII), is one of the firm's highest concerns.
How is your information protected?
Today, most real estate law firms utilize wire transfers in lieu of checks for incoming and outgoing escrow funds. Looking through the lens of cybercriminals, the real estate industry is a particularly attractive target. Aronson & Hansen PLLC implements the strongest cybersecurity technology, written policies and procedures, and industry best practices to prevent cyberfraud.
Not all electronic funds are created equal. While both ACH funds and wire transfers move funds electronically from one bank account to another, they are not the same. ACH electronic transfers involve three parties: the initiating bank, the recipient bank, and the Automated Clearinghouse [ACH], whereby the ACH is used as a middleman to transfer funds. In contrast, wire transfers electronically transfer funds directly from one bank account to the other. Many industry experts recommend dealing only with wire transfers. Aronson & Hansen PLLC takes steps to specifically prohibit ACH transfers.
Cybertheft is one of the fastest growing crimes in today's world. Aronson & Hansen PLLC views this problem as an opportunity to consistently implement even stronger security measures, engage in ongoing security monitoring, and invest in meaningful education to eliminate human error.