Cyber Security in the Settlement Industry... why should I care?

When you buy or sell a property, you are required to provide a LOT of personal information. As well as Verification of Identity (VOI) checks, your settlement agent will capture date of birth, address, phone number, email, bank details, trust documents etc etc.

Not only that, but the real estate industry has been an ongoing target of scammers who have stolen millions of dollars from unsuspecting clients.

So it's really important your settlement agent handles your information carefully. But it's not just the apps and systems used. What's just as important are the policies and procedures in place, the staff training and culture of understanding around cyber security.

So how can you know if you're settlement agent is good at cyber security? Check their Cyber Security Certification!.

Remember there is no legal requirement for your Settlement Agent to be certified.

At Neo Settlements we decided it was essential to demonstrate that we take Cyber Security seriously and to protect our clients.

We're proud to be the first Settlement Agent in Australia to be independently certified for Gold standard under the Cyber Cert SMB1001 Cyber Security rating.

To gain this certification, all our systems are independently checked, our policies and procedures verified, and our staff receive ongoing cyber security training.

So when you're choosing a settlement agent, it's worth asking the question around Cyber Security. At Neo Settlements this is just part of our exceptional service.