The property industry is a prime target for cybercriminals who have developed sophisticated schemes to intercept emails and redirect deposit funds into fraudulent accounts. Last year, a group of Victorian property buyers collectively lost more than $200,000 to a hacking scam targeting the email accounts of real estate agents, [...]
According to research from security specialists at Fortiguard Labs, 80-85% of cyber attacks occur via email. Email fraud has become a major problem in the Australian property market with many high profile cases making headlines in 2018. Hackers are continually finding new ways to intercept email communications and divert funds to different [...]
The real estate industry has become a prime target for hackers looking for an easy way to intercept high-value fund transfers. And they're getting more sophisticated with their techniques. This means all parties must be vigilant - lawyers, conveyancer, real estate agents, buyers and sellers. You're only as strong as [...]
As settlements move online, many practitioners are looking into digitising other parts of the conveyancing process to increase efficiency and help with risk management. However, a recent poll of our website visitors found that the majority are still verifying identity by photocopying and physically filing clients’ IDs. The manual way may have [...]
1) Protect your email service with two-factor authentication The most effective way of preventing a business email hijacking is to have two-factor authentication (2FA) protecting your email. Two-factor authentication is an extra layer of security that requires you to key in a one-time PIN when logging in to an email [...]