Скачать с ютуб #8 Real estate butchering: overseas scammers hunt, kill and slaughter Aussie property transactions в хорошем качестве

#8 Real estate butchering: overseas scammers hunt, kill and slaughter Aussie property transactions

They call romance scams pig butchering - a brutal name which means ‘killing pig game’. Australia is experiencing real estate butchering: the slaughter of our property market through scams and fraud committed on Australian banking platforms. Our houses are the second most expensive in the world and overseas crime gangs know it's a cinch to steal home deposits and settlement funds, especially now the home-buying process has moved away from bank cheques to online banking through PEXA. Targeted spear phishing attacks are relatively simple given how much personal information is available on the dark and light web - Artificial Intelligence allows all breached data sets to be rinsed and mixed and matched by searching for key homebuyer terms like “contract” or “settlement date” and then homebuyers about to exchange funds are targeted with payment misdirection scams. Despite a fall in reported scams from $2.7 billion of losses in 2023 to $2 billion of losses in 2024, these types of email and payment redirections frauds rose by 66%last year - and why wouldn’t they? Banks don’t stop it, because they know they can blame the customer. The payment platforms are not accountable or transparent about how they recover the money and in some cases the banks charge interest on the losses to make even more profit from the crime. Police sometimes investigate, but it takes months of their resources to catch the mule, rather than the big crime boss overseas who receives the funds. Timestamps 00:00 – Intro: What is Pig Butchering? 00:36 – Ken Gamble: The most profitable crime on earth 00:46 – Australia’s housing market ripe for scamming 02:51 – Louis' Story: $109K stolen in a fake PEXA scam 04:53 – How AI spear phishing targets home buyers 06:53 – Banks used to refund victims—now they profit 07:33 – Louis: “Banks have no incentive to stop scams” 08:24 – Strange coincidences: Louis’ backstory 10:09 – Levin’s Story: $91K stolen & silenced by gag order 13:54 – Sarah & Laine: Lost $252K buying a dream home 16:44 – ANZ’s failure: From help to blame 18:08 – Homeless risk: Living out of boxes after the scam 19:28 – Hope & Tom: $250K lost while 34 weeks pregnant 21:01 – Why banks don’t stop it: Pure profit 22:01 – AFCA and blame shifting 22:42 – Louis: “I faced a senior bank lawyer alone” 23:20 – ASIC, AFCA, laws that should protect—but don’t 25:00 – CommBank CEO: “Email is a grotesque waste of time” 25:32 – Louis: “Safe banking ads feel gut-wrenching” 26:12 – Next time: Fake AusPost texts and how they led to a HSBC payday