Online fraud is increasingly alarmingly in the UK, according to recent reports. This particularly applies to identity theft. Cyber crime now accounts for more than half of all reported crime in the United Kingdom, and the situation is becoming more difficult all the time.
One of the prime sources of computer crime is the reliance on email to carry confidential information. Time and again criminals are targeting email communication and falsifying the contents of messages in order to intercept the transfer of funds in some types of transaction. This has become particularly prevalent in conveyancing transactions – numerous families have lost their life savings after bank transfers have been made to fraudsters’ accounts, with emails having been intercepted and their contents changed. In spite of this, 70% of UK solicitors still use open email to transfer confidential information.
Safe4 now offers a completely secure facility for the safe transfer of bank account information between parties involved in any type of financial transaction, without relying on either voice or email communication. For more details, please contact us – we will be very pleased to assist you.