16% of firms have been impacted by cyber crime on property transactions

Research from property technology company InfoTrack shows that more than one in 10 law firms have fallen victim to cyber crime on property-related transactions.

A new survey from InfoTrack, which features feedback from over 100 respondents, shows that 16 per cent of legal practices have seen the impacts of cyber crime — most notably, phishing and pharming.

The results follow high-profile cyber attacks in Australia in the second half of last year, most significantly the data breaches experienced by Optus and Medibank, which have both resulted in class action investigations being brought against those corporate behemoths.

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