Before you make any payment to a supplier’s bank account on the basis of an emailed invoice, check that the bank account details in the invoice are genuine. If your supplier’s or your email system have been hacked in a BEC (“Business Email Compromise”) scam, the invoice details could easily be fraudulent and if so you will be paying into a scammer’s bank account.
Property transactions are prime BEC targets, but not the only ones!
You will have seen many warnings about the global problem of conveyancing email scams, where emails are intercepted and false bank account details appear in invoices or in the mails themselves. Property sales are usually high value transactions and thus a natural target for fraudsters.
Read more at Wessels + van Zyl Incorporated…
