Payment redirection scams are where
scammers get into the email database of official and legitimate businesses
(such as a real estate agent, broker, or conveyancer) and use it to target
clients.
They can intercept emails, edit bank
details and send them on to you, the client so that you unwittingly send over
funds to the scammer's account instead of the legitimate account.
It usually involves the victim
receiving a notice for payment or an invoice, usually from a legitimate source
that they were expecting, but the communication has been intercepted, and the
banking details changed to the scammer’s details.
Sadly, these scams often involve very
large sums of money and are nearly impossible to recover.
Tips: These scams are difficult to spot but always keep
an eye out for poor language and spelling mistakes.
The best way to protect yourself from becoming a
victim is to contact the agent directly and verbally confirm the payment
details, do not use the number on the invoice.
This helps to ensure that the banking details are
correct ahead of making the payment.
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Jason Gwerder
Tuesday, 21 May 2024