Email accounts of law firms and conveyancing companies continue to be compromised, providing a path for sophisticated crims with local conveyancing knowledge to impersonate the conveyancer and dupe the client into redirecting settlement funds to the hacker’s account. Then the funds, your funds, are lost for all time. How does it happen and how do you protect yourself?
Rule 1 – never rely on email communications – without calling & talking to your representative to confirm and verify account details
Rule 2 – call and speak to your lawyer/conveyancer and confirm and verify the destination account for any funds transfer.