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Home buyers are being warned that fraudsters are out to steal their money and to be on guard when purchasing a new property.

Action Fraud has issued the warning after a charity worker who was about to purchase his first home, had £67,000 stolen after hackers intercepted emails between him and his solicitor.

It is known as Conveyancing fraud and is committed when criminals hack into the email chains between sellers and buyers and their solicitors and estate agents.  The fraudster will wait for the right time, usually the day of the sale, and send a spoofed email informing the … Read more

The Financial Conduct Authority (FCA), along with the Financial Ombudsman Service (FOS), have published joint guidelines on how to deal with Authorised Push Payments (APP) fraud. These guidelines strengthen the authority of FOS and are much needed, as a report by Payment Services Regulator (PSR) discovered an alarming increase in the amount of individuals defrauded by criminals.

The payment Systems Regulator Limited (PSR) is the economic regulator for the £81 trillion payment systems industry in the UK. They aim to bring change to the payments industry and advocate for the best interests of the people and businesses that use payment … Read more