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Cybercrime and how to prevent it during property transactions

We often hear about bank card details and personal data being stolen but there is an increasing threat to property owners and property transactions.

Here are a few things to consider.

The most common security threat to property transactions is cybercrime. The Solicitors Regulation Authority has stated that in 2016 £9.4million of client money was reported as lost to cybercrime, increasing to £10.7million in 2017.

OnTheMarket plc (LON:OTMP) provides property search services for buyers, sellers, landlords, and tenants in the United Kingdom.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.