Keep your clients and business safe from cyber-crime

Be prepared to invest in the right resources

clock • 6 min read

Mark Hopcroft examines the rise of identity fraud and outlines some measures advisory firms can take to keep their businesses and clients safe

For most of us, receiving yet another spam email warning us our bank account is about to be shut down or that we urgently need to verify our email password has become an irksome, if now unremarkable, fact of online life. But what you or I may receive unsolicited in our inboxes is the tip of the iceberg in a global crime wave. Identity fraud, where criminals assume someone else's identity or concoct a fake one to open accounts or make unauthorised transactions and purchases, now accounts for two-fifths (41%) of all fraud in the UK. As UK fraud prevention body Cifas points out, ID crime...

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 Adviser tips

Spouses using different advisers can often cause difficulties

Spouses using different advisers can often cause difficulties

Looking at industry thoughts on the back of last week’s PA Asks poll

Hope Coumbe
clock 25 March 2024 • 1 min read
Editor's View: A very busy week and a very clear warning

Editor's View: A very busy week and a very clear warning

The editor's Friday Night Takeaway from 22 March

Hope Coumbe
clock 22 March 2024 • 2 min read
Editor's View: Will it be smooth sailing ahead for True Potential?

Editor's View: Will it be smooth sailing ahead for True Potential?

The editor's Friday Night Takeaway from 15 March

Hope Coumbe
clock 15 March 2024 • 1 min read