CertifID's increase of its direct, first-party insurance coverage to $2 million addresses the rising transaction sizes in real estate, providing better protection from wire fraud.
Hugh Sprowson emphasized the importance of partnering technology with insurance to combat increasing wire fraud threats in real estate, citing an uptick in cyber-enabled crime.
Tyler Adams commented on the essential role CertifID plays for real estate and title businesses, protecting against financial risks related to wire fraud.
The $2 million limit on insurance coverage is an expansion designed to meet the needs of growing transaction sizes, reinforcing CertifID's commitment to customer security.
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