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Lawyers to be aided in fight against cyber criminals
With cyber crime at an all-time high, lawyers, real estate agents and conveyancers are being encouraged to safeguard their practices with the help of a new solution.
Emma Musgrave
InfoTrack has rolled out an industry-wide solution for the aforementioned parties, dubbed Securexchange, in an attempt to combat cyber criminals from stealing deposit funds.
In addition, the platform offers a streamlined and real-time approach to communication between the parties, allowing for transparency on the progress of each stage of the process.
The launch of Securexchange is timely, with the property industry currently a prime target for cyber criminals, according to a statement from InfoTrack.
Just last year, the tech company noted, a group of Victorian property buyers collectively lost more than $200,000 to a hacking scam targeting the email accounts of real estate agents, with many other scams exposing those involved in the property process to increased risk of reputational damage and liability.
InfoTrack CEO John Ahern said Securexchange seeks to combat this threat and ensure those involved in the property process are adequately protected from cyber criminals.
“The risks of communicating bank account details via email are high. We surveyed our legal clients and learned of an alarming number of cyber attacks, with 29.8 per cent experiencing hacking attempts and 23.3 per cent having their emails intercepted. However, what’s most alarming, is the number of incidents that were unreported to protect our clients from reputational damage,” Mr Ahern said.
“InfoTrack has made a commitment to support our clients through the transition to e-conveyancing, and this solution is now enabling another component of the conveyancing workflow to be secure, transparent and efficient for all parties involved.”
“We have introduced this product to market at no charge to maximise adoption.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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