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...

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