Cyber Alert For Principals Of Real Estate Agencies
As settlement agents, we receive many emails from agents providing details of sellers and buyers and contracts with instructions for us to act.
The industry has warned real estate agencies of the practice of including the agency’s trust account details in the body of emails requesting deposits from purchasers.
It is only a matter of time if you continue to have your agents do this before you may be hacked and have a very unhappy buyer with their deposit being scammed.
Do not include the BSB and ACC number of your trust account in the body of emails requesting monies!
For many months now Conveyancers and Settlement agencies have all set up different methods of providing these details to clients, the most common is to have the client ring the office and confirm the details.