Outdated email technology is opening property hunters to scams, as shown in a recent case where a Melbourne family lost $500,000 after their conveyancer's email was hacked. Lara Paholski, the CEO of Livesign, emphasises the importance of stronger cybersecurity practices in real estate, urging the industry to adopt more secure communication channels to protect consumers from fraud. With many still relying on outdated tech, her insights spotlight the risks property buyers face and the need for immediate improvements to safeguard financial transactions.
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