"UK Law Firms Face Uncertainty as Cyberattack Disrupts Home Sales and Legal Services"

1 min read
Source: BBC.com
"UK Law Firms Face Uncertainty as Cyberattack Disrupts Home Sales and Legal Services"
Photo: BBC.com
TL;DR Summary

Homebuyers, including Alice Fenton, are facing uncertainty in completing their property purchases due to a cyber-attack on CTS, an IT services provider for law firms. The attack has rendered documents inaccessible, causing delays and potential breaches of contract. Up to 200 law firms may have been affected, impacting property completions. CTS has not disclosed the scale of the problem or provided a timeline for service restoration. Buyers are concerned about expiring mortgage offers and increased interest rates. The property law regulator has confirmed disruption to transactions, while affected buyers remain in the dark about when their purchases can be completed.

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