Buying a house? Selling a house? Protect yourself online By Jarrod McAleese
Residential property is Australia’s largest asset class – today, the sector is worth more than $8 trillion. It’s a vital pillar of our nation’s economy, particularly as we seek to rebuild and recover from the disruption caused by COVID-19. With the significant finances involved in the purchase or sale of a property, unfortunately, real estate agents, legal practitioners and homebuyers and sellers alike are a natural and popular target for potential cyber criminals. This is a trend which has been 10
confirmed by the Australian Cyber Security Centre (ACSC). “The ACSC has observed a growing trend of cybercriminals targeting the property and real estate sector to conduct business email compromise (BEC) scams in Australia.
