Author: Howard Tilney
Published: September 21, 2018
Reading time: 2 minutes
This article is 3 years old.
Read our disclaimer keyboard_arrow_down
This website content is intended as a general guide to law as it applies to the motor trade. Lawgistics has taken every effort to ensure that the contents are as accurate and up to date as at the date of first publication.
The laws and opinions expressed within this website may be varied as the law develops. As such we cannot accept liability for or the consequence of, any change of law, or official guidelines since publication or any misuse of the information provided.
The opinions in this website are based upon the experience of the authors and it must be recognised that only the courts and recognised tribunals can interpret the law with authority.
Examples given within the website are based on the experience of the authors and centre upon issues that commonly give rise to disputes. Each situation in practice will be different and may comprise several points commented upon.
If you have any doubt about the correct legal position you should seek further legal advice from Lawgistics or a suitably qualified solicitor. We cannot accept liability for your failure to take professional advice where it should reasonably be sought by a prudent person.
All characters are fictitious and should not be taken as referring to any person living or dead.
Use of this website shall be considered acceptance of the terms of the disclaimer presented above.
In a word, fraud!
Typically an email is sent asking one to set up a payment to a new account or to amend existing account details. Sometimes these requests come out of the blue but they often come from existing contacts, such as a builder or solicitor.
Emails, text messages and telephone numbers can be spoofed, so they are made to look genuine. In the case of emails, they can be sent from a genuine email account, which has been hacked. So when one is asked to make a payment to a new account, the account belongs to the fraudster, and the money never arrives with the genuine person or business.
What can be done to avoid this scam?
Always confirm any instructions to make payment to a new account or change existing account details directly with the person or business requesting he change.
DO NOT reply to the message or use the contact details included in it, until you have checked its authenticity. Check the request a different way. Use the contact details already available and known to be from a legitimate source. Otherwise, contact the person or business directly via publically available details, e.g. Published or on a website.
Be safe out there!