Solicitors urged to curb payment diversion fraud losses
🔒 The National Crime Agency and The Law Society have warned that UK house buyers faced average losses of £82,000 from payment diversion fraud over the past year. This form of payment diversion fraud (PDF) — a type of business email compromise — relies on hijacked or spoofed emails and lookalike domains to alter bank transfer instructions. The campaign urges solicitors and conveyancers to tighten checks and advises clients to verify bank details, use strong passwords, avoid public Wi‑Fi and transfer small initial amounts to confirm receipt.
