144 | How HOAs Are Losing Money to Cyber Scams (And How to Stop It)

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Cyber scams are quietly draining HOA funds. Learn how to spot fraud, stop phishing, and protect your community before it’s too late!
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Cyber scams are one of the fastest-growing threats facing HOAs today. From fake invoices to AI-powered voice fraud, boards and managers are being targeted like never before. Kevin and Julie break down how cyber scams happen, why insurance often doesn’t cover losses, and what your HOA must do now to protect its money, data, and fiduciary duty!

Chapters:

00:00 What Happens When an HOA Loses Money to Cyber Scams?

00:53 Why Are HOAs Becoming Cyber Crime Targets?

03:35 What Does Cyber Risk Really Mean for Associations?

04:50 Why Do Hackers Target HOA Money and Data?

06:03 How Do Fake Invoices and Phishing Emails Work?

07:54 Why Do Smart People Still Fall for Scams?

10:12 Does Insurance Cover Social Engineering Fraud?

14:21 How Is AI Being Used for Voice and Video Scams?

16:25 Can AI Create New Legal and Fiduciary Risks?

17:37 Ad Break - Association Reserves

18:09 How Do Management Company Breaches Happen?

19:32 Should Boards Ask About Cyber Coverage in Contracts?

22:52 Why Do HOAs Need Their Own Cyber Insurance?

25:13 How Fast Is Technology Outpacing Protection?

27:09 What Are the Biggest Cybersecurity Mistakes Boards Make?

29:22 How Can HOAs Protect Themselves Starting Today?

The views & opinions expressed in this program are those of the Hosts & Guests, intended to provide general education about the community association industry. The content is not intended to provide specific advice or recommendations for any individual or organization

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