REIQ helps arm agencies against cyber attacks

The Real Estate Institute of Queensland (REIQ) is stepping up the battle against cyber criminals with the launch of its Cyber Resilience Toolkit.

REIQ Chief Executive Officer Antonia Mercorella said the toolkit would equip real estate professionals with the knowledge and guidance needed to navigate the increasing risk of cybercrime in the real estate industry.

“Make no mistake, cyber criminals have increasingly cunning ways of stealing money or personal information,” Ms Mercorella said.

“According to the Australian Cyber Security Centre, Australians reported a staggering $33 billion lost to cybercrime in 2020-2021.”

Ms Mercorella said real estate professionals and agencies are a prime targets for cyber attacks – partly because of the large sums of money they hold and transact, as well as the large volumes of personal information they collect and store.

“Insufficient security settings or requirements, and in many cases poor employee education can also create vulnerabilities – a simple mistake from an employee could open the floodgates,” she said.

Ms Mercorella said the toolkit was an important resource to help real estate businesses become resilient to cyber attacks.

“The Cyber Resilience Toolkit will help real estate professionals identify common cyber risks and threats to their business, prepare their business and employees with nationally recognised best practice security measures, and implement strategies to mitigate and recover from cyber security incidents,” she said.

Ms Mercorella said as the state peak body for the real estate profession, the REIQ had worked proactively over the years to empower real estate professionals and businesses with cyber-related training.

“Cyber-attacks continue to be a significant and serious threat and we’ve been taking a leading and proactive role to support and empower Queensland real estate practitioners to protect their businesses and their customers,” she said.

“This cyber resilience toolkit is yet another way we can support real estate professionals.”

The Cyber Resilience Toolkit is available on the REIQ website.

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Rowan Crosby

Rowan Crosby is a freelance journalist specialising in finance and real estate.