Security Warning: Property Sale Cybercrime Surges, and a New AI Danger

KVV Inc Attorneys

Published on: 04/03/2025

Cybercrime is surging, especially in property transactions due to large sums involved. Email interception fraud is a common tactic where criminals impersonate conveyancers and steal payments. A recent case saw a couple lose R2.94m, highlighting the risk for buyers, sellers, banks, and conveyancers. To stay safe, always verify information directly with the source, secure systems, and be cautious with electronic communication. The emergence of AI voice cloning adds another layer of danger, requiring constant vigilance.