News

NFIB Figures Show a Buyer Loses £90,000 Every Other Working Day to Fraud

The Safe Buyer Scheme has today announced new National Fraud Intelligence Bureau (NFIB) crime figures which show an 85% year-on-year increase in stolen buyer’s deposits. In 2015 th...

21/02/2017

Mishcon’s £1m ID fraud bill sounds alarm bells

City firm Mishcon de Reya was found to be liable for breach of trust after its client was duped into buying a London property from a tenant posing as the owner....

30/01/2017

Do you want to be the next Sethi Partnership?

The Sethi Partnership were the unfortunate focus of the Guardian newspaper’s article on Saturday in which they covered the story of Howard Mollett who lost £67,000 to fraudsters. T...

18/01/2017

SRA Article - Conveyancing theft reported as biggest cybercrime problem for law firms

Figures we have published today have shown that email hacks of conveyancing transactions are the most common cybercrime in the legal sector, with £7m of client losses reported in t...

07/12/2016

The Safe Buyer Scheme Reports Sharp Increase In Buyer Deposit Redirection Fraud Crime Figures

Following the Safe Buyer Scheme’s release of the first set of buyer deposit redirection fraud figures in January 2016, the Safe Buyer Scheme has obtained new figures from the City ...

06/05/2016

Conveyancers Bulletin - Protect Your Firm From Fraud Liability

This bulletin is designed to help firms understand how they can discharge their duty of care covering buyer deposit redirection fraud, quickly, easily and without cost, even if cli...

05/05/2016

Is the Legal Community Doing Enough to Protect Home Buyers From Fraud?

On 23rd April 2016 The Telegraph published an article citing further instances of buyer deposit redirection fraud and was critical of the legal community. The Telegraph commented "...

27/04/2016

Safe Buyer Free To Use in March in Celebration of Landmark Fraud Prevention Case

The Safe Buyer Scheme has today announced that the revolutionary Safe Buyer product is to be free to use throughout March 2016 to celebrate the successful fraud prevention case ear...

29/02/2016

£45,000 Fraud Victim Says "I certainly would have signed up and used the (Safe Buyer) Scheme"

Mr Richard Tough, the victim of a £45,000 buyer deposit redirection fraud in January 2016, as featured in The Daily Mail, said of The Safe Buyer Scheme’s first prevented fraud, “I ...

16/02/2016

Cyber Insurance Explained

Cyber insurance is an increasingly popular type of insurance that is widely available to businesses. Cyber insurance covers the losses relating to damage to, or loss of information...

15/02/2016

The Safe Buyer Scheme Reports Fraud Prevention Case

The Safe Buyer Scheme, a product developed by BE Consultancy to prevent property buyers having their deposits fraudulently redirected into the hands of criminals is pleased to repo...

08/02/2016

Professional Indemnity Insurer Withdraws From Market Over Growing Cybercrime Threat

Elite Insurance, a professional indemnity insurer, today announced it is pulling out of the solicitors PI market....

04/02/2016

Paragon Selects The Safe Buyer Scheme to Protect Their Clients From Fraud

Paragon Mortgages (or Mortgage Trust as they are also known as) has become the first Lender to protect their customers from Fraud using the Safe Buyer Scheme....

13/01/2016

The Safe Buyer Scheme Reports Shocking New Figures Highlighting Buyer Deposit Redirection Fraud

The extent of frauds where property buyers are duped into transferring money to criminals has been exposed by the Safe Buyer Scheme, for the first time, following their request to ...

08/01/2016

Security Accreditations