Product sets benchmark for preventing phishing scams, says RG Solicitors' managing partner
The Safe Move Scheme, which helps conveyancers to prevent home buyers falling victim to phishing, has reported its first prevention.
RG Solicitors, a member of the scheme, and one of its clients had opted to use the product as 'best practice' in their property purchase.
After the client received 'genuine' email instructions to transfer their deposit to RG Solicitors, they submitted their banking details to the Safe Move Scheme prior to transferring any funds to verify their authenticity.
However, the prevention system advised to decline these instructions as the details did not match those of RG Solicitors.
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