on 13-07-2019 02:29 PM
on 13-07-2019 02:29 PM
Dear Pexa community, I find the story of Pexa fascinating! Have there ever been hack attacks and security issues?
on 15-07-2019 11:15 AM
on 15-07-2019 11:15 AM
Hi @nataliaNatalia,
Residential property in Australia is worth $7T so as you can imagine, there’s zero tolerance for risk. The biggest issue we see the industry facing today stems from the vulnerability of email.
The threat of email phishing scams is present in every industry that uses email as a main point of communication. However, the property industry has been identified as a target for hackers attempting to redirect settlement funds via the interception and manipulation of email. While this risk sits outside the PEXA system, it can directly impact our members so we’ll shortly launch an app which provides a safe communication channel for bank account details to be shared between practitioners and their clients, removing the risks associated with using email for the exchange of important banking information. Similarly, practitioners can communicate their trust account details securely via the app.
Security is paramount for PEXA and as you can imagine, we have multiple robust systems and processes in place to protect our system, and the members that use it.