How criminals are targeting property sales | The Business | ABC News

Scammers are increasingly targeting real estate sales by breaking into email accounts or impersonating email addresses of businesses.
While these so called 'payment redirection scams' are on the rise, the amount of money Australians lost to scams in the last financial year fell by 41 per cent to $330.2 million.
The ACCC's Scamwatch division received 288,604 reports of scams from victims between July 2023 to June 2024 - a 0.6 per cent drop compared to the previous year.
Former policeman and intelligence officer Dan Halpin says Australia is a highly profitable target for scammers and authorities lack the capability and the willingness to pursue them overseas.
He said criminals were more afraid of foreign law enforcement agencies like German police and the United States' Federal Bureau of Investigation (FBI), as they tend to be "more proactive" when it comes to conducting raids across the world, extraditing offenders, and securing convictions with jail sentences.
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