Cyber-Attack on Law Firm IT Provider Raises Concerns for Homeowners and Buyers
Unable to Complete Property Transactions
A cyber-attack on law firm IT provider CTS has thrown many conveyancing firms into crisis, leaving homeowners and buyers unable to complete property transactions.
Serious Stress for Affected Individuals
Homeowners and buyers have spoken of their serious stress after the attack played havoc with property completions. Some have been left in limbo, unable to move into their new homes or sell their old ones.
CTS Confirms Cyber-Incident
WEB CTS last posted an update on its website and on Facebook on Friday, saying the outage was caused by a cyber-incident and that it was working with law firms to resolve the issue.
Roughly 80 Firms Affected
About 80 firms are thought to have suffered issues ranging from email and digital paperwork access issues to an inability to complete property transactions.
As Services Are Restored, the Outage Continues
As services are restored, the outage is expected to continue to have a significant impact on conveyancing firms, with some warning that it could take weeks or even months for all transactions to be completed.
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