On-line Prop­erty Pur­chase will be Dis­as­trous

Peers and Pun­dits says that un­less you touch and feel the prop­erty, you just cant buy on pa­per or on-line. Sur­prises are on your way, al­ways.

Accommodation Times - - Front Page - By AT News Ser­vices

Real Es­tate is lo­cal busi­ness. Het­ero­ge­neous in na­ture, real es­tate can­not be re­placed or du­pli­cated. Can one du­pli­cate Taj Ma­hal? Peers and Pun­dits says that un­less you touch and feel the prop­erty, you just cant buy on pa­per or on­line. Sur­prises are on your way, al­ways. Will 2015 be a happy new year for in­ter­net users? Not if cy­ber crim­i­nals have their way.On-line se­cu­rity com­pa­nies have been mak­ing their pre­dic­tions for 2015, from the mal­ware that will be try­ing to weasel its way onto our com­put­ers and smartphones to the prospect of cy­ber­war in­volv­ing state-spon­sored hack­ers. Here’s a sum­mary of what you should be watch­ing out for on­line in 2015, based on the pre­dic­tions of com­pa­nies in­clud­ing Bit­De­fender, KPMG, Adap­tiveMo­bile, Trend Mi­cro, BAE Sys­tems, Web­Sense, In­foSec In­sti­tute, Sy­man­tec, Kasper­sky, Proof­point and Sophos. The Gur­dian wrote on its web­site : Tar­geted at­tacks and so­phis­ti­cated spam The more we do and share on­line, the more vul­ner­a­ble we may be to “tar­geted” at­tacks to steal our pass­words and data. “It is pos­si­ble that our will­ing­ness to share and shop on­line will let crim­i­nals be­come more se­lec­tive about who they tar­get,” sug­gests Stephen Bonner of KPMG. “They won’t need to main­tain the cur­rent ‘hit and hope’ ap­proach of spear phish­ing, in­stead only at­tack­ing spe­cific users and com­put­ers based on the data th­ese give away about their own­ers.” Mean­while, you may see more spam emails in your in­box in 2015, as the tech­nol­ogy used to send them be­comes more so­phis­ti­cated. “Cy­ber­crim­i­nals up­ping their game are per­fect­ing their cam­paign abil­i­ties pre­vi­ously as­so­ci­ated only with ad­vanced, tar­geted at­tacks. Th­ese ad­vanced tac­tics de­signed to evade most mod­ern email se­cu­rity so­lu­tions are quickly be­com­ing the new norm as more so­phis­ti­cated email threats in­crease,” sug­gests Web­Sense. “As a re­sult, although spam vol­umes are de­creas­ing, most users will begin to wit­ness an in­crease in the amount of spam they re­ceive in their in­box, be­cause most email se­cu­rity mea­sures will be in­ca­pable of de­tect­ing them in the Cloud scrub­bing prior to pass­ing to a user’s in­box.” “Cy­ber­crim­i­nals will go af­ter big­ger tar­gets rather than home users as this can gen­er­ate more prof­its for them. We will see more data breach in­ci­dents with banks, fi­nan­cial in­sti­tu­tions, and cus­tomer data hold­ers re­main­ing to be at­trac­tive tar­gets,” sug­gests Trend Mi­cro. “Weak se­cu­rity prac­tices like not us­ing two-fac­tor au­then­ti­ca­tion and chip- and- pin tech­nol­ogy con­tinue to persist in the bank­ing sec­tor. Th­ese prac­tices will cause fi­nan­cially mo­ti­vated threats to grow in scale through­out the com­ing year.” The soty fur­ther wrote : The huge num­ber of peo­ple us­ing so­cial net­works like Face­book is prov­ing an ap­petis­ing tar­get for­mal­ware de­vel­op­ers: Bit­De­fender has al­ready pub­lished its roundup of popular Face­book scams in 2014, for ex­am­ple. “Ma­li­cious links hid­den in atro­cious Face­book videos will be on the rise in 2015,” warns the com­pany. “Ma­li­cious ‘be­head­ing and mur­der’ videos are ex­pected to mul­ti­ply in the fol­low­ing year. Be­hav­iour an­a­lysts and psy­chol­o­gists say teenagers are the most sus­cep­ti­ble to click­ing on shock­ing videos, as their em­pa­thy for vic­tims of vi­o­lence is lower.” Unquote. While you are look­ing at on­line walk­through and videos, hack­ers must have en­tered into your pri­vacy and sen­si­tive data, fi­nan­cial data and bank­ing pass­words. Mumbai cy­ber Crime had over time cases where cy­ber crime for fi­nan­cial trans­ac­tions hap­pens ev­ery day. A risky on-line pur­chase is not just putting your per­sonal and fi­nan­cial data and info on public domain but pur­chas­ing on-line prop­er­ties leads to per­ma­nent legal bat­tles and un­pleas­ant sur­prises. Af­ter all, Real Es­tate is het­ero­ge­neous in na­ture.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.