With conveyancing cybercrime on the rise, it has never been more important to keep your private details to yourself. Love Your Postcode is endeavouring to avoid this fraudulence and potentially save you thousands.
Conveyancing cybercrime typically begins with a friend request. With one little notification your life could change and not for the better. The Solicitors Regulation Authority claims that half of all cybercrime involves the theft of conveyancing funds through email schemes. So this is a very real danger to buyers all over the country. So here is our first tip.
Do Not Accept Friend Requests From Those You Don’t Know.
Simple right? Okay but here’s the catch; fraudsters could use a different persona. One that you know well. The managing director of Dezrezlegal, Laura Liddell, spoke to Property Industry Eye testifying that “I received a Facebook request from my mum the other day. Unfortunately for the fraudsters I spotted it straight away because my mum’s already my Facebook friend and she’s always posting something.” The best guidance we can give is to keep track of what is happening on your social media because it directly reduces the risk of being defrauded.
But suppose you have you have already made this mistake? You have loads of people on you Facebook account that you have no idea who they are or worse, you have multiple of one person. What can you do? How do you know who is real and who isn’t?
Don’t panic. It’s time for tip number 2.
Do Not Post About The Completion Of Your Property On Any Of Your Social Media Accounts.
In fact, don’t post about anything to do with any financial commitment you have mad or any house you have yet to sign the contracts on. It leaves you open to fraud and makes you a sitting duck. Fraudsters will have already begun to collect information about you and if you do post about completing on a property, they now have the power to trick you. Crimestoppers have reported that “The buyer receives communication in the form of a telephone call, written letter or email, which claims to be from their conveyancer.” But these people aren’t your solicitor. They are not the conveyancer you have paid to handle your property.
No. They will provide you with bank details that will allow you to transfer the deposit on your house directly into their bank account. And before you know it that money is gone.
Again. Don’t panic. Here’s tip number 3.
Do Not Transfer Your Money Into An Account That You Have Never Seen Before.
If you think you are about to be defrauded and have been sent bank details you are not sure about, call your solicitor and check. It can’t hurt. If they confirm those details? Great! If they say that isn’t them and they haven’t contacted you recently? Then you’re safe.
In times like these you can never be too careful. Protect yourself and your family. Do not confuse what should be kept private with what should be shared with the world. If in doubt? Don’t do it. And if you really must share the completion of your new home with the world then wait until you have fully completed.