Protecting your business from Cyber crime

The benefits of e-conveyancing are well documented. However, with these benefits come significant risk. In the past 24 months, our clients reported hacking as the most commonly encountered security threat, followed by malware attacks and email interception.

A recent flash poll on our website emphasised that security is becoming a higher priority for practitioners. 30% stated they were ‘extremely concerned’ about it, and 50% saying they plan to implement new security measures in the next 12 months.

Reported research found that one in three law firms aren’t investing in regular cyber security training. The research also showed that while 79% of legal professionals are concerned about cyber security, just 21% have confidence that their firm would be able to handle a cyber-attack. The reality is that conveyancers fast track to e-conveyancing and e-settlement, they must be cyber vigilant to protect their clients, their firm and their reputation.

To assist you to transition to your digital future safely, InfoTrack has sourced best practice preventive measures from some of the country’s leading authorities.

Research shows that while 79% of legal professionals are concerned about cyber security, just 21% have confidence that their firm would be able to handle a cyber-attack.
One in three law firms aren’t investing in regular cyber security training
Protect your business

Critical steps in your defense strategy

Use these steps to model your defence strategy against cyber criminals.

1. Nurture a security culture in your organisation

Security culture needs to filter throughout your organisation. It can’t be solely up to your IT department and must come from the top down. This should be included as part of induction and regular training programs.

2. Verify any and all communications

Never be complacent when it comes to communications. As professionals, you often deal with sensitive information and high-value transactions. You need to be especially aware of the threat of interception and be able to spot red flags and unusual communications based on the sender, language used, type of request and appearance of the communications.

3. Educate yourself and others on tactics used to steal information

Cyber threats are constantly evolving but there are core methods used and ways to protect your business against them. Stay up to date on the latest trends and ensure you regularly educate yourself and your employees around any new threats and security measures.

4. Protect your mobile devices and accounts with secure practices

The first and most effective way of preventing a business email hijacking is to have two-factor authentication (2FA) protecting your email. The second is to tune your email service to preventing email impersonation attacks.

5. Not every antivirus product is made equal

Ensure you are using the right anti-virus suite and that all your devices have an up-to-date antivirus installed. Better antivirus products can not only protect your computer from viruses, but they can also safeguard you from phishing and ransomware attacks.

6. Anti-phishing protection for your email service

To prevent cybercriminals from luring your employees into email account hijacking, your incoming emails should be pre-screened for phishing attempts.

Our cyber security products

Use these products to help your defence strategy against cyber criminals.

WebVOI is our online platform that simplifies and streamlines verification of identity.

Learn more

Protect your transactions from the prying eyes of cybercriminals and guarantee your deposit.

Learn more

Perform due diligence on the companies and customers you’re doing business with.

Learn more

Cyber security news & insights

3 solutions helping conveyancers to differentiate their firms

It’s been a big year, and we’re only halfway. Now is the time to look forward and think about what you can do to differentiate your firm from others. What strengths does your firm possess…...

Australian Government and private sector hit by massive cyber attack. 2 ways to protect your firm

On June 19, Australian Prime Minister Scott Morrison announced a major cyber attack is targeting “Australian organisations across a range of sectors, including all levels of government, industry, poli...

Supporting your firm through FY 19/20: A year in review

2020 has been a tough year around the globe, but especially for Australians. We welcomed in the New Year battling bushfires and in February, NSW and QLD fought floods. March saw the introduction of lo...

Future-proof your firm: The technology supporting your firm to adapt to recent regulatory updates and new recommendations

In light of COVID-19, the legal profession in Australia has experienced significant change as ways we have always done work have been challenged. Social distancing and the restriction of face to face ...

Secure technology can offer convenience too – here’s how

In the current environment, we all face the challenge of providing our services while socially distancing. Cash flow is under pressure and firms have seen the need to find more effective ways to manag...

Spotlight on QLD: Cyber Security and the transition to e-conveyancing

Lee Bailie InfoTrack’s General Manager of Products and Innovation recently interviewed David Bowles from the Queensland Law Society (QLS). They spoke about the state of play in Queensland, how COVID-1...

ARNECC recommends Cyber Security Training for firms

Earlier this year, ARNECC released updated Model Participation Rules, one of which covered Cyber Security Training for lawyers. Model Participation Rule 7.2 outlines that ARNECC conducted a security r...

5 methods to support your clients and future-proof your firm in a post pandemic world

In these unprecedented times it is challenging to know what happens next and what to expect. Will social distancing and self isolation go on much longer? When COVID-19 has passed, will my firm recover...

Maintain vigilance during COVID-19. 2 ways to keep a secure remote work environment.

To say the start of 2020 has been tough for all Australians would certainly be understatement and our thoughts go out to all our clients, users and their customers going through hard times. The curren...