A new cyber crime warning is being reported by SA’s peak body for Conveyancers :
“In the last 48 hours three (3) cyber crime frauds have occurred affecting South Australian conveyancing clients.
This has resulted in an estimated loss to clients of around $1.3 Million.
The AICSA is urging conveyancers and clients to communicate directly (verbally) when advising bank and trust account details.
The AICSA recommends clients contact their conveyancer immediately should they receive a request for monies via email to confirm details and the emails legitimacy.
If you or your client is the victim of a Cybercrime you should report it immediately to SA Police on 131 444, Consumer & Business Services on 131 882 (extention 2, then 6) or the AICSA 8359 2090.”
Source : https://www.facebook.com/pg/AICSAAU/posts/
We recommend that all purchasers of land now take the following steps to reduce the risk of cyber fraud when dealing with their conveyancer:
- Emailed directions with respect to money transactions should be confirmed verbally every time.
- Account details should always be provided verbally, or via a written document , not included in the body of an email.
- Contact your conveyancer immediately if you receive an email requesting that you pay money to a different or new account.
- Ask the conveyancer if they have 2 factor authentication turned on for their email system.
- Turn on 2 factor authentication on your own email system