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While these tips are not a foolproof plan against cyber-attacks, but they are a bare minimum that can help reduce them, as pointed out by Asif Balwa, DB Realty. Further, Real estate companies need to train their employees and invest in custom email quarantine and blocking tools so that such attacks donu2019t reach the target. <br>
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If there is one thing that has taken India by storm after the recent 4G boom, it is the digitization. Almost everyone owns a smartphone and uses the internet. This is true with the people involved in real estate as well. This makes them vulnerable to cyber attacks and hacking like all of us. In fact, in recent times, real estate has emerged as one of the prime targets of cyber-attacks. It has borne the brunt of 54 cyber attacks in the recent past. This stands on the second number on the list of such attacks. • “Thus, this situation demands immediate spreading of the much-needed awareness among the people dealing with the real estate sector”, said Asif Yusuf Balwa. Given below are a few things that can be done in this regard, to help keep the vultures of the web at bay:
Internet Use: People involved in the real estate sector should use protected servers to send and receive emails. At the same time, any suspicious activity on an email id must immediately be reported to all the parties that may be involved in the transaction. • Employees: Real estate companies should properly scrutinize the people they hire with proper background checks. A review of previous employment and financial problems is also suggested.
Attention to Details: Details such as use of a new email id by a client or employee, an insensible instruction, different signatures by the same party, mails out of context or poorly written emails. All of them are suspicious and more often than nought, mean a cyber-attack. • Do Not Ignore Red Flags: Any suspicious activity must be verified without any delay with the agents as well as the parties involved. This way, more and more people can be saved from these attacks.
Funds: Funds should be handled with the utmost care and diligence as: • Checks should always be preferred over wiring. If someone tries to deposit a check from a different account than intended, he will either not be able to do so or get caught redhanded. • Any unusual and sudden change in the mode of delivery of fund, bank accounts or name of the payee, without any prior intimation must always be verified at the earliest. • One should always avoid receiving and sending payment information via email. Emails are the most targeted and easily alterable thing in the internet and one may lose precious information if they are preferred for conveying sensitive data.
While these tips are not a foolproof plan against cyber-attacks, but they are a bare minimum that can help reduce them, as pointed out by Asif Balwa, DB Realty. Further, Real estate companies need to train their employees and invest in custom email quarantine and blocking tools so that such attacks don’t reach the target.
