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Data Reveals Why Law Firms Must Focus on Cybersecurity

February 1, 2023

New data has revealed more than one in ten legal firms have fallen victim to cybercrime on property-related transactions, prompting calls for businesses to make cybersecurity a top priority for 2023.

The survey from property experts InfoTrack shows 16 per cent (%) of respondents have been impacted by cybercrime, the most common of which was phishing and pharming.

InfoTrack’s Chief Technology Officer Global, Sebastian Mill, said more than three-quarters (77%) admitted they were most worried about their client’s money being lost. “Property transactions involve large sums of money, making conveyancing legal firms and real estate agencies attractive to cybercriminals,” Mill stated.