|Wednesday 27th March 2019
INVOICE REDIRECTION SCAM A new style of financial fraud has occurred in Perth & Kinross recently.
By hacking into email accounts, scammers are able to intercept legitimate invoices and change the banking details that payments are to be made to.
In a recent incident, reported in South Perthshire, a small business was requested to pay an outstanding invoice of over £7000 to a local builder. The small business received an email requesting that the builder’s bank account details be amended. The email appeared to have been sent from the builder and so payment was made, as requested, to the new account. About a week later the builder queried why the payment hadn’t been received. It was then discovered that the email to change the bank details was not genuine.
In a similar incident, a Tayside company was requested to pay an invoice. The email provided new banking details for the payment to be made to. In this incident over £155000 was paid out due to the fraudulent email.
So what is happening?
The fraudsters change the banking details on invoices, or send emails providing changed bank account details for payments to be made to. The recipient then pays the invoice believing it is from the legitimate source, when in fact the money is going directly into the fraudster’s account.
How do I protect my business?
Anyone with any information that may be useful should contact Tayside Division on 101 or any police officer, quoting the crime reference number listed at each incident. Alternatively information can be passed anonymously via the charity Crimestoppers on 0800 555 111.