Conveyancers have been early adaptors of electronic conveyancing, which has been mandatory for all mainstream property transactions in NSW since 1 July 2019. With the commencement of this new era it is timely to consider the lessons that have been (and can still be) learned about cyber risk and resilience in conveyancing.

Unless training is provided and proper accounts processes are in place, employees will often action fake payment requests that appear to come from a senior officer within the organisation.

Be proactive in understanding your practice’s cyber security profile – do not regard it as a ‘set and forget’ issue.

From 1 July 2018, all caveats and land transfers without mortgages in NSW have been lodged electronically, and this will be extended to all mainstream property transactions from 1 July 2019.

Further information is contained in the linked article, written in 2017 for Lawcover’s risk page in the Law Society Journal under the title ‘Is your firm privacy compliant?’.

The Untold Story of NotPetya, the Most Devastating Cyberattack in History contains a fascinating discussion. Read the full article by Andy Greenberg on Wired.com