Wednesday, 12 January 2022

Alert to estate and letting agents - "more and more" cyber attacks on companies in the sector

The Guild of Property Professionals has issued an important warning to estate and letting agents today about the increase in cybercrime.

Cybercrime is on the increase - again - and Alpha Legal can protect you

Paul Offley, compliance officer at The Guild of Property Professionals, said: “It seems that the property sector is a prime target among cybercriminals and every few weeks we hear of more cases where businesses have been hacked and someone has got into their system and is trying to defraud consumers."

“The criminals who are behind these cases seem to be intelligent individuals who can mirror emails and make it look as though the information that is sent by them to consumers appears to be legitimate and as if it is coming from the business."

“These types of cases are on the rise and is something that I believe will continue to increase as we go into 2022.”

Offley’s warning comes after over two months of uncertainty about the impact of the alleged ransomware attack on the Simplify Group of conveyancing firms (which we blogged about, here), which are reportedly involved in some five per cent of residential transactions.

This area of risk is exactly where Alpha Legal can help.  Our mantra at Alpha Legal is that emails are *not* secure.  Alpha Legal has been built from the ground up to be an easy, safe & secure way to ask clients for confidential and sensitive information including ID and bank details.

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