BANKS AND BUSINESSES WARNED TO BE ON ALERT TO INVOICE HIJACKING

On 12th February, Pinsent Mason, the law firm behind the Out-Law legal news website, published an article saying that the ease and growth of so-called ‘invoice hijacking’ fraud cases should be seen as a warning by businesses and individuals to be careful before sending fund transfers.  This follows a case a recent case in which an individual was defrauded of £103,670 by persons unknown, who had hacked his email account and intercepted a genuine invoice raised by the individual’s builder.  It reminds businesses of the risks involved, and the problems with seeking assistance if caught out, and that it was vital for victims to act quickly after becoming aware that a fraud had taken place.

http://www.mondaq.com/article.asp?articleid=672714&email_access=on&chk=1633538&q=960824

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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