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

What keeps you up at night and what can you do to combat it?

Recently, we conducted a website poll, asking lawyers and conveyancers to share what risks they face in their firms and what challenges they need to endure on a regular basis. The responses were varie...

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Two tried and tested strategies for growth

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Top tips to fight cyber-crime and protect your business and clients

One in three businesses will be impacted by cybercrime by the end of 2019. No matter the size of the business, many are not safe from cybercrime. Hackers use small businesses as gateways to bigger&hel...

Developing a client-centric culture ensuring ethical strength

At Cultivate 2019: Brisbane, David Bowles, Solicitor from the Queensland Law Society (QLS) led the panel discussion on ethical considerations for law firms today. From hiring with ethical consideratio...

Hackers pick opportunities, not victims

Last year, Dani Venn, Masterchef finalist, fell victim to cybercrime when $250,000 was stolen from her family. She says the most important lesson she learned is not to give hackers opportunities. “Hac...

Why it pays to verify your clients’ identity

“ASIC alleges mail theft leads to $4.8m share swindle”. In mid-July, the Australian Financial Review reported  that ASIC was investigating a group of people for the identity theft of 33 victims and se...

Why emailing your bank account details puts you and I at risk

Legal Practice Intelligence recently published this piece for InfoTrack on 'Top tips to protect yourself from large financial loss during a property exchange.' Today, hearing about fraud and identity ...