Not even the Dalai Lama is safe. Reports have emerged that hackers in China have infiltrated the spiritual leader’s emails.
And it doesn’t stop there. The Indian government and the United Nations have had computers hacked into and documents relating to missile programmes and security assessments have been accessed.
Even Google has retreated from China as a result of cyber attacks. While moves are underway to catch the culprits, all this highlights a worrying fact – as much as the internet helps us it can just as easily be used against us.
The web was built to exchange data so it makes sense for those in the business of transferring data to use it. But while organisations are using the web to improve their processes it can create an opening for fraudsters and data thieves.
One problem is that most businesses in the property and mortgage industry predate the internet so many have adapted their data distribution systems to the net rather than adopting technology built for it.
With data security increasingly important, particularly for lenders, using systems not built for the web means updates to counter hacking are hard to implement.
The internet is becoming part of the DNA of business life and could revolutionise the property and mortgage life cycle. But as more businesses turn to it to streamline their processes it’s vital they have the right security measures in place from the start.