April 1, 2010

Many landlords and property managers have access to precisely the kind of information identity thieves need to perpetrate their crimes, i.e., social security numbers, bank account numbers, birthdates, license numbers, and credit card numbers.  If this confidential material were to be obtained by an unscrupulous person, whether through the efforts of an aggrieved former property manager or through lax security, there may be liability and damages imposed.  This article shall review the identity theft problem in the real estate management field and suggest best practice techniques in an effort to avoid the problem and the commensurate damages that could follow.  The recent passage of the Data Security Regulations that are now effective mandates preventive steps to safeguard protection of personal data. [Read more...]