As property-related scams become more sophisticated, outdated technology like email is proving to be a weak link, leaving property hunters vulnerable to fraud. A Melbourne family recently lost $500,000 to scammers who hacked their conveyancer's server and sent fraudulent payment instructions. This incident highlights the risks posed by reliance on email for sensitive financial transactions in industries such as real estate, where large sums of money are often involved. Experts are urging consumers to adopt more secure communication methods to avoid falling victim to these increasingly common scams.
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