Protecting estate funds from cyber crime

Protecting estate funds is part of the responsibilities of an acting executor. Between the months of April and September 2018 financial losses caused by cyber crime increased by 25% according to the latest figures provided by Action Fraud. This means cyber criminals were able to steal £34.6 million during this time. Conveyancing, Wills and Probate has become an attractive target for a specific type of cyber criminal. Probate cases often involve large amounts of liquid cash waiting to be transferred to beneficiaries and this is where these fraudsters are taking the opportunity to divert thousands of pounds of the estate’s … Continue reading Protecting estate funds from cyber crime