CertifID

In last week’s To Catch a Fraudster episode, four courageous victims of wire fraud shared their powerful stories and the hard-earned lessons that can help protect others. From stolen buyer funds to the notorious Dr. Kenigsberg seller impersonation case, here’s what you need to know to safeguard your business: https://hubs.la/Q02YJc-t0

Our team has caught over $1.1 Million in payoff frauds over the last 3 days. Maryland ?? Tennessee ?? California No state, city, title agent, or attorney is immune. What keeps me up at night? The payoffs we don't have a chance to catch and the lives, jobs, homes affected by it. Manual processes for catching fraud are no longer viable. Our product was built for this! Connect with me about how our solution fits into your company, culture, reputation. We are here to help. ?? #AWorldWithoutWireFraud #CertifID #WireFraudPrevention #WireFraud #PayoffFraud #SellerImpersonation #RealEstateFraud #BusinessEmailCompromise CertifID

Ready to level up your fraud defenses for 2025? ??? Tomorrow, join Thomas Cronkright and industry experts Sarah Dombrovski, Anthony Monelli, and Joseph Taborsak as they unpack 2024’s most eye-opening fraud cases around buyer funds theft, seller impersonation, and payoff fraud. Learn the tactics, spot the red flags, and protect your business. ?? Grab your spot now: https://lnkd.in/gtQZXsDe

?? Welcome to the Team! ?? We’re excited to introduce three talented new additions to the CertifID team: - Abbey Waddell - Senior Account Executive - Cheryl Crouse - Senior Product Manager, and - Todd Vallem - Principal Cloud Systems Engineer We’re thrilled to have their expertise as we continue to protect our customers and scale our capabilities to fight fraud. Welcome to CertifID!! ?? #NewHires #Growth #CertifID #WelcomeToTheTeam

This is why we do what we do.

A huge congrats to our own Thomas Cronkright for making the Crain's Grand Rapids Business 200 Most Influential Leaders list! ?? ?? https://hubs.ly/Q02Xqj5v0

October was filled with many more tricks than treats in the world of fraud. Here is a recap of what was reported to our Fraud Recovery Team and the success of their efforts. October 2024 Recap: ? 48 fraud cases reported (highest single month ever) ?? 19 cases accepted (mortgage payoff (8x), buyer cash to close (8x), seller net proceeds (2x), and vendor payment(1x)) ?? $4,197,487 total loss reported on accepted cases ?? $1,634,484 anticipated funds recovered (39% funds recovery rate) ? 81.25% of accepted cases will recover some portion of their stolen funds This should come as a stark reminder that recovering funds is very difficult. There were an additional +$10million of cases we didn't accept because it was more than 45 days since the funds were transferred. If fraud prevention is not a part of your business strategy, it's time to invest in it before it's too late. In every one of these cases, they wished they could turn the clocks back and make these business changes before suffering the impacts of fraud. If you or someone you know has become a victim of fraud, we're here to help: https://lnkd.in/dGDw7TTz

???Looking for a story for your next commute that's part thriller, part lesson, and all too real? Tom Cronkright, our Executive Chairman and Co-founder, recently shared his fraud-fighter story with the Fraudish podcast. Tap in to hear about the origins of CertifID, the stakes for real estate, and what you can do to protect yourself. ?? Listen now: https://hubs.la/Q02WPlmD0

The New York State Department of Financial Services issued this industry letter regarding Cybersecurity Risks Arising from Artificial Intelligence and Strategies to Combat Related Risks. Notably, here's a quote from the letter explaining how AI is being leveraged to deploy generative AI social engineering capabilities - something that is most concerning in real estate transactions. "AI-enabled social engineering presents one of the most significant threats to the financial services sector. While social engineering has been an issue in cybersecurity for years, AI has improved the ability of threat actors to create highly personalized and more sophisticated content that is more convincing than historical social engineering attempts. Threat actors are increasingly using AI to create realistic and interactive audio, video, and text (“deepfakes”) that allow them to target specific individuals via email (phishing), telephone (vishing), text (SMiShing), videoconferencing, and online postings." Here's a link to the full letter, worth the read. #CertifID #FinancialCrime #WireFraud #BEC #RealEstate #SocialEngineering https://lnkd.in/g3SbFpYJ

?? CAUGHT ANOTHER ONE ?? $202K caught before it landed in the hands of fraudsters on this Halloween afternoon. ???? #CertifID #PayoffProtect #PayoffFraud #Halloween #WireFraud