Navigating a digital minefield: Advisers on dealing with fraud

With fraud on the rise, IFAs share how they are combatting the threat

Sahar Nazir
clock • 7 min read

In the ever-evolving financial landscape, the challenge of combatting fraud and scams has never been more pressing. With the rapid advancement of technology, financial advice firms are facing the challenge of staying vigilant to protect their clients and assets from increasingly sophisticated attacks. Sahar Nazir finds out more…

A fifth of IFAs have no protective measures in place to combat fraud and scams, according to recent research from Opinium. And yet just over one in three IFAs (35%) report being subject to scam and fraud threats. The firm also found that 35% of advisory firms do not currently train their staff in how to spot potential threats and protect themselves and their businesses. This was despite 25% of IFAs saying they feel more concerned about scam and fraud attacks than they are about their organisation's future strategy. Comprehensive training programmes It is no secret that regular train...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

SFO secures six-figure confiscation order against Axiom Legal Financing fraudster

SFO secures six-figure confiscation order against Axiom Legal Financing fraudster

David Kennedy is currently serving an eight-year prison sentence

Sahar Nazir
clock 22 December 2025 • 1 min read
Private markets push meets adviser pragmatism: 'Real shift will come when advisers are empowered, not pressured'

Private markets push meets adviser pragmatism: 'Real shift will come when advisers are empowered, not pressured'

Higher proof-of-value demands and operational challenges keep private markets on margins of UK advice portfolios

Sahar Nazir
clock 19 December 2025 • 9 min read
Feel Good Friday: Tyndall Partnerships supports charity drive delivering Christmas aid to over 500 families

Feel Good Friday: Tyndall Partnerships supports charity drive delivering Christmas aid to over 500 families

Business development exec Lawrence Patrick joined charity The Mehiel Foundation

Professional Adviser
clock 19 December 2025 • 1 min read