Around 2018, there was a major uptick in the amount of claims that Title Agents filed in response to an unprecedented increase in Social Engineering claims, where fraudsters trick employees into divulging sensitive information or transferring funds fraudulently. These scams often involve fake emails or phone calls pretending to be from trusted parties, leading to significant financial losses and damage to reputations.
Read MoreHow Title Agents are Using Technology to Prevent Social Engineering Claims
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