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CYBER CRIME

March 21, 2019 by admin

Cybercrime is defined as a criminal activity carried out via computers or the internet (hacking, phishing, spamming).

In an office setting, cybercrime commonly occurs via emails and requires us to be vigilant to any such suspicious emails especially when exchange of critical information is involved.

Information security is now considered a critical factor in conveyancing transactions. With the transition from paper to e-conveyancing, there is an even greater need for protection.

PHISHING

Phishing is a term used to refer to the fraudulent practice of sending emails purporting to be from legitimate businesses in order to induce individuals to reveal personal information, such as passwords and credit card numbers.

Phishing scams have become an increasingly prevalent issue in conveyancing transactions. There have been situations where the legitimate email address of a solicitor or property agent were hacked and emails were sent to clients from a seemingly legitimate source.

These emails are becoming increasingly convincing. In the most recent example the fraudster had hacked into either the practitioner or the client’s email system and sent a very convincing email requesting money to be sent to the bank account instead of by cheque. The email address looked legitimate and was consistent with previous legitimate emails.

HOW TO PROTECT YOURSELF FROM BEING A VICTIM OF CYBERCRIME?

Author : Vridhika Mayar

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