Bitsafe to bank account12/1/2023 She says: 'Your solicitor will not send you a last-minute email telling you that bank account details have changed this should be your first warning sign.' How can I protect myself? Tess emphasises the unlikelihood of a company changing its bank account details. 'The fraudsters will then quickly withdraw the money, usually sending it overseas.' What should I look out for? 'As they've been intercepting the emails, they'll be aware of the template and be able to produce an authentic-looking email,' says Edward. About 3 months into the transaction, they'll contact the buyer by email asking buyers to send the deposit,' says Edward. 'Fraudsters are listening to emails and building up a timeline of the conveyancing activity. 'They'll then contact the client, disguised as the solicitor, informing them that the company's bank details have changed and requesting that they transfer the funds into the 'new' account.'Įdward Powell, director BE Consultancy, provider of the Safe Move Scheme, says this isn't the only way fraudsters are targeting home-movers. ![]() This is the stage that fraudsters make their move, she says. 'The scammer places malware into a computer which will lie dormant until it recognises specific keywords relating to a request for funds or deposit payment.' 'Email payment fraud occurs when a fraudster hacks into the email communications between a client and a company,' says Tess. Tess Henderson of Clutton Cox Solicitors says the conveyancing industry is increasingly concerned about this growing type of scam. Whether you're transferring a house deposit to a solicitor, or making a payment to a travel agent or builder, it's important to approach emails regarding payment with caution. If account details are sent by email, there's a risk your email could be intercepted and your payment instructions revised to redirect funds into the wrong hands. But it isn't just house deposits and property sale proceeds that are under threat. Paul Philip, chief executive of the SRA, says this is an issue that's not going away 2. Homebuyers/sellers and solicitors have lost more than £10m in the last year. Recently the conveyancing industry has become a victim of this online crime. If you're sending account details by email, you could be targeted by email payment fraud. When you log in to My Bitsafe your personal IBAN will be displayed in your talent account.Fraudsters are scamming individuals and companies out of thousands of pounds by intercepting payment for high-value purchases. In the meantime, you can already use your account. ![]() You will be notified if we would need any further information from you. You are now finished with the personal set up! Our compliance staff will review your ID and the result of the selfie image instructions. These instructions may include simple tasks as "smile" or "look left". Please, make sure that there is enough light when completing these tasks. Please make sure you scan the side with all your personal information on it.Īfter this IDScan you asked to do a couple of selfie image instructions. In most circumstances this would be your passport. To get the best results please use the ID document you use the most internationally. Bitsafe supports a lot of different IDs, including passports, national ID cards and drivers licenses. Please confirm this 5 digit code one more time. On your phone you will now be asked to set and confirm a Bitsafe 5 digit passcode for future logins on the Bitsafe app on your phone. ![]() Then select “GET VERIFIED” and scan the QR code with your phone. Once you are logged in select your profile picture in the top right corner, select “view profile”. Login on My Bitsafe ( ) with another device or with the same phone. You can easily identify yourself through the next steps ĭownload our free Bitsafe App on your phone. All new Bitsafe talent needs to identify themselves with their identification document and a series of selfies.
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