Latest News

A thirst to get qualified at the Propertymark Wales National Conference

18 October 2019

With so much change for agents in Wales in 2019, the delegates at the Propertymark Wales National Conference heard a legislative reminder on anti-money laundering, referral fees and the regulation of the industry. Read More...

London letting agents guilty of money laundering

18 October 2019

Three London agents have received suspended sentences after pleading guilty to fraud following an investigation made by the National Trading Standards eCrime Team. Read More...

Homeowners more than £350k better off than private renters over 30 years

18 October 2019

The average homeowner in the UK could be £352,500 better off than the average private renter over the next 30 years, new research from the Intermediary Mortgage Lenders Association (IMLA) says. Read More...

Landlord fined £25k for unlicensed properties

18 October 2019

A buy-to-let landlord in Nottingham was convicted of nine offences of failing to license properties under the Selective Licensing scheme at Nottingham Magistrates’ Court. Read More...

Appeal against private residential tenancy dismissed

17 October 2019

A tenant in Scotland who claimed that she and her landlords were subject to a private residential tenancy (PRT) in a house of multiple occupancy has had her appeal dismissed. Read More...

How to fight cyber crime

Tuesday 21 May 2019

Estate agents need to adapt to the ever present and increasing threat that comes from unscrupulous hackers and online criminals.

While there are many things that you can do to try to prevent such attacks, they are becoming increasingly sophisticated and so both you and your business need protection to avoid these attacks and to help you should the unthinkable happen.

1. Identify the threats

Cyber criminals are always looking for opportunities to invade privacy and steal data. Basic threats like unauthorized access to your computer should be tackled immediately before the business suffers any loss of information.

2. Beware of cybercrimes

Be wary of cyber criminals and expect an attack. This will allow you to ensure that your corporation is covered at all times with the necessary strategies and plans.

3. Keep an eye on employees

Keep employees motivated and discourage them from leaking out crucial information. Try to make them more loyal to the company. Check on how passwords are being used and keep the passwords safe from unauthorized personnel.

4. Use two-factor authentication

Encourage all employees to use two-factor authentication as it increases security by adding an additional step for accessing accounts.

5. Conduct audits on a regular basis

Have an audit performed by cyber security consultants who are experts at protecting your data.

6. Ensure a strong sign-off policy

Develop a strong sign-off policy for all employees. It should ensure that all employees return laptops and mobile devices before they leave the premises.

7. Protect the important data

Data which is vulnerable and can be targeted by hackers should be protected first.

8. Carry out risk assessments

Ideally, there should be a separate department within the company that is dedicated to minimizing the risk of data loss although clearly this isn’t always practical. Risk management is one of the key factors that contributes towards the growth of a company.

9. Insure against cyber crime

There are many companies that offer insurance policies against cybercrimes and attackers. This can prove to be a good investment for your company as it covers all the risks and threats that arise because of hackers and viruses.

10. Have in-depth knowledge about risk factors

The more knowledge you have about the risks involved in the business the better security measures you will be able to take for the company. Plan systematic audits for the company in order to keep it clean from all sorts of viruses and build a detailed overview of the rules and regulations that all employees have to follow to ensure the safety of the business.