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RG Solicitors is tightening up on its processes and procedures to protect its clients and their money. Email hacking is becoming a serious threat to those involved in buying or selling a property which is why our firm uses the Safe Buyer Scheme for all its conveyancing transactions, it is an essential fraud prevention tool and we are proud to be the first firm to pro-actively stop our client from being defrauded with the help of this scheme.
What is Safe Buyer? Click here to find out more
Read the full article here
Fraudsters manage to steal £299,000.00 from a buyer by intercepting their emails and providing false bank details. This took place four days after another buyer lost their £50,000 deposit through a similar act. It seems both buyers, sellers and law firms need to be extra vigilant reports Nicole Blackmore for The Telegraph. Read the full article here.
Buyers beware criminals are now turning their attention to buyers. Conveyancing Today report on ‘phishing’ technique that enabled fraudsters to convince a buyer to transfer £50,000 into their account while believing she was transferring her money to her solicitor’s bank account. Read Chris Langford’s article here .
Following a number of high profile reports, in the Telegraph, where sellers have been subjected to potential fraudsters diverting payments. It is recommended that more is done to protect funds during a conveyancing transaction. Click here to read Nicole Blackmore’s article on email hacking.