Post by Brent George on Jul 1, 2018 20:55:24 GMT
This article caught my eye - Stuff - 30-June-2018
A "hack" into the on-line property conveyancing system in Melbourne (Australia) demonstrates the vulnerability of any on-line land transaction system - and the importance of cyber-security protection processes.
Although the privately owned company that runs the system (!) is at pains to claim that THEIR system was not hacked - it was the "practitioners emails that were hacked". Cold comfort for those people who have not only (potentially) lost money in the transaction, but have/will incur penalty charges as well as lose the property that they had intended to buy. (Let alone the "cost" of the stress and legal fees as well).
In the end it appears that "Pexa" have relaxed their initial abrasive stance on this matter. But the problems may not all be over yet if the legal fraternity are not wholly happy with compulsory on-line property transactions.....
"Watch this space" it would appear..