Landmark White

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<p>Property valuation and consultancy firm, LandMark White has appointed Chris Nicholl as its new chief executive. </p>
<p>In appointing the 20 year real estate veteran, the board said Mr Nicoll's experience in strategic planning, project execution, his accumulated knowledge of professional real estate services, and markets across Asia</p>
<p>Pacific, would assist in "setting and implementing the future direction of LandMark White". </p>
<p>Mr Nicolls takes over from Brad Piltz. </p>
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LandMark White appoint new CEO

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<p><span>LandMark White Limited has became aware that a dataset containing property valuation and personal contact information has been disclosed.</span></p>
<p><span>"We take the privacy and security of our data very seriously, and we are working closely with cyber security consultants to investigate the circumstances of the disclosure of the dataset," LMW told the ASX.</span></p>
<p><span>LMW became aware through one if its corporate partners, CoreLogic.</span></p>
<p><span>"We have taken immediate steps to secure what we believe to be the source of the disclosure to prevent any further disclosure of data.</span></p>
<p><span>"Currently there is no evidence of misuse of any information although this remains under close review."</span></p>
<p><span>LMW are directly notifying affected corporate partners of the incident.</span></p>
<p><span>As part of our response, we have established a dedicated email mailbox (</span><span>privacy@lmw.com.au</span><span>) to respond to questions about this incident and will be creating a dedicated FAQ web page (</span><span>www.lmw.com.au/faqs</span><span>) which we will update as more information becomes known.</span></p>
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<p><span>Founded in 1982 and listed on the Australian Stock Exchange in 2003, LMW has a long and proud heritage of providing independent professional property services to people and companies across Australia.</span></p>
<p><span>LMW has over 400 property professionals across 40 plus locations Australia wide.</span></p>
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LandMark White Limited reports property valuations data breach

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<p><span>LandmarkWhite has again suspended its shares from trading on the stockmarket, in the wake of<span> </span>stolen valuation records being posted on a dark-web forum for 10 days<span>.</span></span></p>
<p><span>It suggests the trading halt could be for as long as a month.</span></p>
<p><span>The company advised shareholders that </span>LMW had lost work from a significant number of clients which was "impacting our revenues, profitability and cashflows."</p>
<p><a href="https://www.urban.com.au/news/95563-westpac-stops-sending-property-valuation-work-to-landmark-white-after-data-breach" target="_blank">Westpac confirmed</a> it had joined Australia's three other major banks in not sending any further valuation work to LandMark White.</p>
<p>Only yesterday it indicated the valuation clients were likely to return.</p>
<p>"At this point in time we are unable to ascertain when these clients will reinstate LMW and hence when LMW will be in a position to assess with any certainty the financial impact of the incident," LMW updated the market at lunchtime Tuesday.</p>
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<p><span>"In addition, LMW anticipates that continued public commentary does not allow for an informed market for trading in LMW securities."</span></p>
<p><span>LMW expects that it would be able to provide the market with accurate information relating to the financial impact of the incident and hence a forecast for FY2019 within the next two to four weeks and lift the suspension at that time.</span></p>
<p>The clients  that pulled their business in the wake of a data breach included three of the big four banks.</p>
<p>On Monday the shares in the property valuation firm fell 10 percent to 38 cents after it resumed trading after its major data breach.</p>
<p>It was trading at 45 cents prior to its initial advisory of a privacy breach.</p>
<p>Last week Landmark White advised its investigations revealed that an unknown third party posted an <a href="https://www.urban.com.au/news/95371-landmark-white-valuation-data-available-on-dark-web-forum-after-privacy-breach" target="_blank">illegally downloaded valuation dataset on a dark web forum </a>for 10 days in late January 2019.</p>
<p>It <a href="https://www.urban.com.au/news/95367-landmark-white-enters-trading-halt-after-banks-suspend-its-use" target="_blank">sought the suspension of its ASX-listed shares</a> after some of the big four banks indicated they had <a href="https://www.urban.com.au/news/95286-landmark-white-valuation-data-breach" target="_blank">stopped using LMW valuations</a>.</p>
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<p>"We anticipate that the suspensions will be progressively lifted over the coming days and that workflows will return to more normal levels by the end of the month," it told shareholders on Monday.</p>
<p>"An unknown criminal has maliciously accessed a LandMark White’s system," it advised.</p>
<p>"LMW has been working with independent cyber security consultants, along with the Australian Cyber Security Centre and the Office of the Australian Information Commissioner, to ensure client information and LMW’s network is secure.</p>
<p>LMW has not obtained any evidence that the data has been misused.</p>
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LandMark White blames ill-informed public commentary on its dark web data breach for further ASX share suspension

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<p>Westpac has confirmed it had joined Australia's three other major banks in not sending any further valuation work to LandMark White.</p>
<p data-gtm-vis-first-on-screen-6236702_632="1550610401672" data-gtm-vis-total-visible-time-6236702_632="4000" data-gtm-vis-recent-on-screen-6236702_632="1550610405836" data-gtm-vis-has-fired-6236702_632="1">"Our immediate priority is to contact customers who may have been impacted," a Westpac spokesperson said.</p>
<p>"We are aware of a personal data leak involving LandMark White, a contracted service provider which conducts property valuations on our behalf," a Westpac spokesperson said.</p>
<p>It came a week after the other big banks pulled their requirement for LMW valuations on property for mortgage applications.</p>
<p><span>Independent LandMark White holds around 20 per cent share of the residential market with a further</span> eight major property valuers, most of which are subsidiaries of large real estate agencies.</p>
<p>LandmarkWhite has also again suspended its shares from trading on the stockmarket, in the wake of stolen valuation records being posted on a dark-web forum for 10 days.</p>
<p>It suggests <a href="https://www.urban.com.au/news/95551-landmark-white-blames-illinformed-public-commentary-on-its-dark-web-data-breach-for-further-asx-share-suspension" target="_blank">the trading halt could be for as long as a month</a>.</p>
<p>The company advised shareholders that LMW had lost work from a significant number of clients which was "impacting our revenues, profitability and cashflows."</p>
<p>Only yesterday it indicated the valuation clients were likely to return.</p>
<p>"At this point in time we are unable to ascertain when these clients will reinstate LMW and hence when LMW will be in a position to assess with any certainty the financial impact of the incident," LMW updated the market at lunchtime Tuesday.</p>
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<p>"In addition, LMW anticipates that continued public commentary does not allow for an informed market for trading in LMW securities."</p>
<p>LMW expects that it would be able to provide the market with accurate information relating to the financial impact of the incident and hence a forecast for FY2019 within the next two to four weeks and lift the suspension at that time.</p>
<p>Last week Landmark White advised its investigations revealed that an unknown third party posted an <a href="https://www.urban.com.au/news/95371-landmark-white-valuation-data-available-on-dark-web-forum-after-privacy-breach" target="_blank">illegally downloaded valuation dataset on a dark web forum </a>for 10 days in late January 2019.</p>
<p>It <a href="https://www.urban.com.au/news/95367-landmark-white-enters-trading-halt-after-banks-suspend-its-use" target="_blank">sought the suspension of its ASX-listed shares</a> after some of the big four banks indicated they had <a href="https://www.urban.com.au/news/95286-landmark-white-valuation-data-breach" target="_blank">stopped using LMW valuations</a>.</p>
<p>Westpac Group said it "takes the protection of personal information and privacy extremely seriously."</p>
<p>"We are investigating this matter and it is our immediate priority to contact and support any Westpac, St.George, Bank of Melbourne, BankSA or RAMS customers who may be affected.<br> </p>
<p>"At this stage, we believe only a small number of individuals are potentially impacted.</p>
<p>"The data disclosed includes property valuation details and some contact details (such as names, addresses and email addresses) of the various parties involved in the property valuation process.</p>
<p>"No loan application details, such as financial and identification documents, were disclosed.</p>
<p>"While we investigate the matter, we have also suspended sending any further work to LandMark White," Westpac told its customers.</p>
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Westpac stops sending property valuation work to LandMark White after data breach

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<p>Chris Coonan, the chief executive of Landmark White, has resigned from his post following the cyber security breach that saw thousands of records posted on the darkweb.</p>
<p>Coonan had spent over 14 years at the embattled property services company, who have <a href="https://www.urban.com.au/news/95286-landmark-white-valuation-data-breach" target="_blank">lost a string of major clients</a> including CBA, NAB and ANZ since a dataset containing property valuation and personal contact information <a href="https://www.urban.com.au/news/94968-landmark-white-limited-reports-property-valuations-data-breach" target="_blank">stolen last month</a>.</p>
<p>He was named CEO in 2016, having previously been the national director for residential valuations.</p>
<p>Landmark White have been under fire from all angles since the dataset was <a href="https://www.urban.com.au/news/95371-landmark-white-valuation-data-available-on-dark-web-forum-after-privacy-breach" target="_blank">listed on the dark web</a> in February.</p>
<p>"We can now share that on 30 December 2018, we received a message through the 'Live Chat' messaging service on our website, providing us with a link to the dark web," the company advised at the time.</p>
<p>"An unknown criminal has maliciously accessed a LandMark White’s system."</p>
<p>"We do not know the identity of the individual," it added.</p>
<p>Its investigations reveal that the dataset contained:</p>
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<li>approximately 137,500 unique valuation records, and approximately 1,680 supporting documents.</li>
<li>approximately 250,000 individual records in total but a lot of records are duplicates.</li>
<li>The date of the documents range between approximately 4 January 2011 and 20 January 2019. </li>
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<p>The board has also announced that co-founder of LMW, Glen White, and Frank Hardiman will stand down as a Non-Executive Directors of the company.</p>
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<p>Glen established the Queensland practice that became Landmark White in 1982 and served as a Non-Executive Chairman between December 2015 and May 2018.</p>
<p>Frank was the Chief Financial Officer and Company Secretary of LMW between 2011 and 2016, before being appointed a Non-Executive Director of the company.</p>
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<p>The board acknowledged Chris’ tireless efforts in his role, but agreed that the changing nature of the business and market conditions – combined with major reputational challenges caused by the recent cyber-attack – had changed the requirements for the executive leadership of LMW.</p>
<p>In the interim, it announced the appointment of Timothy Rabbitt as Acting Chief Executive Officer of LMW.</p>
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<p>In October 2018, LMW announced a merger with Taylor Byrne to further cement LMW's position as the largest, locally owned ASX-listed valuation property services business.</p>
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<p>Founded in 1982 and listed on the Australian Stock Exchange in 2003, LMW has over 400 staff.</p>
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Landmark White chief Chris Coonan quits following dark web data security breach

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<p>Landmark White has advised its investigations reveal that an unknown third party posted an illegally downloaded valuation dataset on a dark web forum for 10 days in late January 2019.</p>
<p>Its advisory came a day after it <a href="https://www.urban.com.au/news/95367-landmark-white-enters-trading-halt-after-banks-suspend-its-use" target="_blank">sought the suspension of its ASX-listed shares</a> after some of the big four banks indicated they had <a href="https://www.urban.com.au/news/95286-landmark-white-valuation-data-breach" target="_blank">stopped using LMW valuations</a>.</p>
<p>"An unknown criminal has maliciously accessed a LandMark White’s system," it advised.</p>
<p>"We do not know the identity of the individual," it added.</p>
<p>Its investigations reveal that the dataset contained:</p>
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<li>approximately 137,500 unique valuation records, and approximately 1,680 supporting documents.</li>
<li>approximately 250,000 individual records in total but a lot of records are duplicates.</li>
<li>The date of the documents range between approximately 4 January 2011 and 20 January 2019.</li>
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<p>"We can now share that on 30 December 2018, we received a message through the 'Live Chat' messaging service on our website, providing us with a link to the dark web. </p>
<p>"As part of our standard operating procedure, we investigated this and as we could not access the dark web link provided, at that time this was discounted as spam."</p>
<p>On 10 January 2019, the LMW team received an email from the Australian Cyber Security Centre alerting LMW to a vulnerability. </p>
<p>The <a href="https://www.urban.com.au/news/94968-landmark-white-limited-reports-property-valuations-data-breach" target="_blank">breached valuation data</a> has since been taken offline as at 10 February 2019.</p>
<p>"We do not know how many people accessed the dataset throughout the approximately 10 days that it was available on the dark web."</p>
<p>The dark web details are advised in its incident update as at 15 February recommending that all potentially impacted individuals remain vigilant against a potential risk of receiving phishing and other spam communications from organisations purporting to be LandMark White or one of our lending clients.</p>
<p>"Although LandMark White is one of the victims of this cybercrime, we take responsibility for this incident and deeply and sincerely regret that this incident has occurred," the company advised.</p>
<p>"We remain committed to achieving the best possible outcome for all parties that may be impacted, and we are focused on supporting our partners and their customers in the wake of this incident."</p>
<p>LMW is an Australian property valuation and consultancy firm which was founded in 1982 and listed on the Australian Stock Exchange in 2003, employing 450 staff across Australia.</p>
<p>On 23 January 2019, LMW closed off a security vulnerability identified in one of its valuation platforms.</p>
<p>"We have engaged leading privacy, digital forensic and cyber security consultants who have confirmed that the data disclosure relates to the vulnerability which had been secured. We can confirm that the disclosed dataset does not include loan application, date of birth, or other sensitive information."</p>
<p>The dataset contained property valuation and some personal contact information of borrowers, lenders, homeowners, residents, and property agents. </p>
<p>There was also a small subset of supporting documents relevant to the valuation assessment contained in the dataset, such as contracts for the sale of land, council rates, and strata reports.</p>
<p>There was no evidence of misuse of any personal information, although LMW advise it will continue to closely monitor for this together with industry partners. </p>
<p>LMW confirmed that no loan application details, including financial and identity documents, are contained within the dataset.</p>
<p>"We can also confirm that no date of birth records, personal bank account details, payment or credit card details, username and password or other credentials, or other sensitive information exists in the dataset.</p>
<p>Independent security consultants have confirmed that the data was accessed via an exposed programming interface on one of LMW's valuation platforms.</p>
<p>"We had already taken steps in January 2019 to block direct access to this interface to prevent any ongoing data disclosure, and it is no longer directly accessible from the internet."</p>
<p>LandMark White advised it was adopting a "very cautionary position" and assuming that a subset of its valuation requests received by LandMark White during the period 4 January 2011 and 23 January 2019 may potentially be at risk. </p>
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Landmark White valuation data available on dark web forum after data breach

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<p>The fallout from a data breach at the listed valuation company LandMark White has seen National Australia Bank suspending its use of the firm, joining Commonwealth Bank and ANZ.</p>
<p><span>"We are not in a position to say how many individuals are likely at risk as a result of the incident at this point although this remains under close review," LMW advised yesterday.</span></p>
<p>Up to 100,000 customers, according to Nine Entertainment, had personal information including property valuations, phone numbers and dates of birth leaked as part of the <a href="https://www.urban.com.au/news/94968-landmark-white-limited-reports-property-valuations-data-breach" target="_blank">data breach at LandMark White</a>.</p>
<p>ANZ’s chief data officer, Emma Gray, said it involved a very small percentage of its customers who had valuations undertaken between November 2015 and December 2018 who are potentially impacted.</p>
<p><span>“As a result of this incident ANZ has currently suspended use of the services of the valuation provider at the centre of the investigations."</span></p>
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<p>LandMark White's share price is down slightly from 44 cents to 42 cents since the ASX listed company revealed the breach.</p>
<p data-gtm-vis-recent-on-screen-6236702_632="1550088100368" data-gtm-vis-first-on-screen-6236702_632="1550088100368" data-gtm-vis-total-visible-time-6236702_632="4000" data-gtm-vis-has-fired-6236702_632="1">LandMark White is one of the biggest valuation firms used by banks and lenders for assessing mortgage applications. </p>
<p>LMW chairman Keith Perrett said the group had been communicating constantly with its business partners in the face of a complex attack on the business.</p>
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<div>''We are very pleased to hear from our external advisors that the breach was isolated to a single system, that the source of the disclosure had been closed, and that there is no ongoing suspicious activity across our network,'' Mr Perrett.</div>
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<p data-gtm-vis-recent-on-screen-6236702_632="1550088123437" data-gtm-vis-first-on-screen-6236702_632="1550088123437" data-gtm-vis-total-visible-time-6236702_632="4000" data-gtm-vis-has-fired-6236702_632="1"><a href="https://www.urban.com.au/news/95069-what-are-landmark-white-doing-about-property-valuations-data-breach" target="_blank">LandMark White have been working</a> closely with the relevant government agencies, including the Australian Cyber Security Centre and the Office of the Australian Information Commissioner.</p>
<p data-gtm-vis-recent-on-screen-6236702_632="1550088123437" data-gtm-vis-first-on-screen-6236702_632="1550088123437" data-gtm-vis-total-visible-time-6236702_632="4000" data-gtm-vis-has-fired-6236702_632="1">Before the breach, the group issued a 25 per cent downgrade in its profits for the first half to December 31, 2018, in late January, saying it had experienced a significant reduction in valuation instructions from the first-tier lenders.</p>
<p data-gtm-vis-recent-on-screen-6236702_632="1550088123437" data-gtm-vis-first-on-screen-6236702_632="1550088123437" data-gtm-vis-total-visible-time-6236702_632="4000" data-gtm-vis-has-fired-6236702_632="1">It was February 5 when LandMark White Limited became aware that a dataset containing property valuation and personal contact information had been disclosed.</p>
<p>"We take the privacy and security of our data very seriously, and we are working closely with cyber security consultants to investigate the circumstances of the disclosure of the dataset," LMW told the ASX.</p>
<p>LMW became aware through one if its corporate partners, CoreLogic.</p>
<p>"We have taken immediate steps to secure what we believe to be the source of the disclosure to prevent any further disclosure of data.</p>
<p>"Currently there is no evidence of misuse of any information although this remains under close review."</p>
<p>Property valuer LandMark White Limited has blamed an exposed API for the leak of a dataset that included property valuation details and contact information of a range of individuals held by the company.</p>
<p>The security vulnerability responsible for the breach — “an exposed programming interface on one of our valuation platforms” — was closed on 23 January, according to the company.</p>
<p>“At that point, we were not aware that there had been any data disclosure,” an update released today for people affected by the breach states.</p>
<div>
<div id="gpt-ad-interscroller-5935221" class="gpt-ad" data-gpt-ad-unit-path="/8456/IDG.AU_B2B_ComputerWorld.com.au/security_section" data-gpt-size-mapping="[[[0, 0], [[3, 3]]]]" data-gpt-sizes="[[3, 3]]" data-gpt-targeting='{"node": ["657662"], "idgau_tax": ["news"], "country": ["AU"], "site": ["cw"], "kw": ["data", "cyber+security", "data+breach"], "sect": ["security"], "idgau_search_referrer": ["no"], "type": ["article"]}' data-google-query-id="CJjZirDFueACFYQPKwod2vcO-w">“Having since become aware of the disclosure on 4 February 2019, we have worked to confirm that the data disclosure relates to the vulnerability which had been previously secured.”</div>
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<p>Founded in 1982 and listed on the Australian Stock Exchange in 2003, LMW has a long and proud heritage of providing independent professional property services to people and companies across Australia.</p>
<p>LMW has over 400 property professionals across 40 plus locations Australia wide.</p>
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Banks drop LandMark White valuations after data breach

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<p>LandMark White Limited recently became aware that a dataset containing property valuation and personal contact information has been leaked.</p>
<p>LMW stated, "We have engaged leading external cyber security and privacy experts to undergo a forensic investigation into the incident, as well as the circumstances of the disclosure of the dataset."</p>
<p>"We have also engaged leading privacy experts to assess the scope and impact of any information disclosed, so that we can assess who may be impacted by this incident."</p>
<p>"In addition to this, we will be monitoring all of our systems to ensure that there is no ongoing data security risk," they added.</p>
<p>LMW believe that the source of disclosure which took place on February 4 has now been closed and that there is no ongoing data breaches or leaks.</p>
<p>An initial statement was released February 5 on the breach, and they have a FAQ website that is being <a href="https://www.lmw.com.au/faqs" target="_blank">updated as new information</a> becomes available.</p>
<p>The data at risk was contained, property valuation and some personal contact information of home owners, residents, and property agents, including first and last name, residential address, and contact numbers."</p>
<p>They have stated, "we are in the process of reviewing the dataset to understand the scope and impact of the incident, and the number and profile of individuals whose information is contained in the dataset."</p>
<p>"We reiterate that there is no evidence of misuse of any personal information, although this remains under close review."</p>
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What are Landmark White doing about property valuations data breach

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<p>LandMark White have entered a trading halt following the suspended use of its services from some of Australia's major banks.</p>
<p>NAB joined Commonwealth Bank and ANZ in <a href="https://www.urban.com.au/news/95286-landmark-white-valuation-data-breach" target="_blank">suspended the services</a> of the listed valuation company following a data breach.</p>
<p>Shares halted at ¢42, their lowest value since early 2014 when they sat at ¢41.</p>
<p>In 2017 they peaked at ¢75.</p>
<p>Up to 100,000 customers had personal information, including property valuations, phone numbers and dates of birth leaked as part <a href="https://www.urban.com.au/news/94968-landmark-white-limited-reports-property-valuations-data-breach" target="_blank">data breach at LandMark White</a>, according to Nine Entertainment.</p>
<p>"We are not in a position to say how many individuals are likely at risk as a result of the incident at this point although this remains under close review," LMW advised yesterday.</p>
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<p>Founded in 1982 and listed on the Australian Stock Exchange in 2003, LMW has a long and proud heritage of providing independent professional property services to people and companies across Australia.</p>
<p>LMW has over 400 property professionals across 40 plus locations Australia wide.</p>
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LandMark White enters trading halt after banks suspend its use

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<p><span>The shares in the property valuation firm </span><span>Landmark White</span><span> fell 10 percent to 38 cents after it resumed trading after a major </span><span>data breach</span><span>.</span></p>
<p><span>It was trading at 45 cents prior to its initial advisory of a privacy breach.</span></p>
<p>Last week Landmark White advised its investigations revealed that an unknown third party posted an <a href="https://www.urban.com.au/news/95371-landmark-white-valuation-data-available-on-dark-web-forum-after-privacy-breach" target="_blank">illegally downloaded valuation dataset on a dark web forum </a>for 10 days in late January 2019.</p>
<p>It <a href="https://www.urban.com.au/news/95367-landmark-white-enters-trading-halt-after-banks-suspend-its-use" target="_blank">sought the suspension of its ASX-listed shares</a> after some of the big four banks indicated they had <a href="https://www.urban.com.au/news/95286-landmark-white-valuation-data-breach" target="_blank">stopped using LMW valuations</a>.</p>
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<p><span>"We anticipate that the suspensions will be progressively lifted over the coming days and that workflows will return to more normal levels by the end of the month," it told shareholders today.</span></p>
<p><span>"An unknown criminal has maliciously accessed a LandMark White’s system," it advised.</span></p>
<p><span>"</span>LMW has been working with independent cyber security consultants, along with the Australian Cyber Security Centre and the Office of the Australian Information Commissioner, to ensure client information and LMW’s network is secure.</p>
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<p><span>"Having assessed the severity of the incident and confirming that the personal information disclosed is relatively benign, the breach was isolated and has been closed. LMW continues to work with the affected corporate partners to lift suspensions, recover work flows and return to business as usual. LMW has not obtained any evidence that the data has been misused."</span></p>
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New apartments

New townhouses

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