Advice firm Penguin Wealth swiftly resolves 'clever' email hack

Used company branding

Jenna Brown
clock • 2 min read

Penguin Wealth’s Craig Palfrey has reassured clients after it suffered a “clever” email hack, which saw a bogus email purporting to come from him go out to all his saved contacts.

The email, which went out on Wednesday last week (4 November), used Penguin Wealth's company branding and appeared to come directly from Palfrey's work email address. However, it was a cleverly designed hack. The email had a PDF attachment that directed recipients to click on a link to get the full ‘letter' supposedly from the Chartered adviser. It said "please see attached letter for your attention" but did not contain any personalisation and simply started with "Hi". The attached PDF contained a link, which readers were directed to click on. It claimed the ‘letter' had been "encrypt...

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 Companies

PhillipCapital eyes Walker Crips takeover with £6m bid

PhillipCapital eyes Walker Crips takeover with £6m bid

Amid significant regulatory, compliance and liquidity challenges

Isabel Baxter
clock 24 November 2025 • 3 min read
The Penny Group takes majority stake in £350m AUM advice firm

The Penny Group takes majority stake in £350m AUM advice firm

Will integrate with Harridge Financial Services over a three-year timeframe

Isabel Baxter
clock 21 November 2025 • 2 min read
Tatton AUM up almost 30% to £25.8bn during 'strong period of growth'

Tatton AUM up almost 30% to £25.8bn during 'strong period of growth'

Interim results for the six months to 30 September

Jenna Brown
clock 18 November 2025 • 2 min read