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FCT’s John Tracy, Senior Legal Counsel for claims, was recently featured in Real Estate News EXchange for his article advocating for greater cooperation between industry leaders in order to prevent fraud.
The article, Tackling real estate fraud through industry collaboration, highlights fraudsters’ increased sophistication—professionals trying to prevent fraud now have to contend with AI-powered impersonation and deepfakes, synthetic identities and email hacking.
“Fraudsters operate in sophisticated networks, and a united response is essential to tackle these threats,” the article reads. “Investment in technology, such as AI-powered ID verification, biometric authentication and real-time risk analysis will be critical in strengthening fraud protection.”
FCT is a leader in fraud prevention, protecting professionals and consumers with innovative solutions, expert underwriting and industry education. “As technology continues to evolve, so too will fraud,” the article continues. “By working together in a connected ecosystem, professionals can share resources, data and best practices to better mitigate fraud risks.”
This latest article, along with FCT’s recently published Fraud Insights Report, speak to FCT’s expertise in fraud prevention and commitment to creating that same connected ecosystem of collaboration and shared innovation to fight the rising tide of fraud.
About FCT
Based in Oakville, Ontario, FCT has over 1,200 employees across the country. FCT provides industry-leading title insurance, default solutions and other real estate-related products and services to approximately 450 lenders, 43,000 legal professionals and 5,000 recovery professionals, as well as real estate agents, mortgage brokers and builders, nationwide.
Great Place to Work® has named FCT one of Canada’s Best Workplaces® for 10 consecutive years (2014-2023) and certified FCT as a Great Place to Work®. In 2024, FCT’s parent company, First American Financial Corporation, was named both one of the 100 Best Companies to Work For and one of the Best Workplaces for Women™ by Great Place to Work® and Fortune Magazine for the ninth consecutive year.
For more information on FCT, please visit the company website at www.fct.ca.