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s cybercrime continues to plague Australia's real estate sector, experts are urging a shift towards digital identity solutions to bolster transaction security and regulatory compliance. Cybercriminals are increasingly targeting the industry with tactics like email impersonation, payment redirection, and identity theft, exploiting outdated verification methods and unstructured communications.

    In 2023 alone, Australians lost over $10 million to real estate payment scams, with broader business-related fraud losses exceeding $59 million. Experts note that critical details such as bank account numbers are still being sent via email, while identity checks often rely on vulnerable manual processes. Digital identity services can reduce data duplication, enable real-time verification, and help meet evolving obligations under the Digital ID Act 2024.

    As regulatory scrutiny intensifies and scams become more sophisticated, digital ID tools are becoming essential to safeguarding property transactions and restoring trust.