Almost six in ten property law firms say that cyber crime poses a big threat when handling property transactions – but only a minority have done much about it. A total of 58% ‘strongly agree’ that cyber security is a concern at their own organization, but just 13% have spent much time and money making their communications safer. The ‘Friday afternoon’ fraud in which people moving house are tricked into transferring their deposit to the bank accounts of fraudsters, has become one of the most significant of all cyber crimes. Read More at Property Industry Eye.
