SearchFlow responds to Law Society’s findings on law firms targeted by scammers

SearchFlow responds to Law Society’s findings on law firms targeted by scammers

The Law Society’s annual professional indemnity insurance survey,which looked at insurance claims among law firms of up to 25 partners, reveals that almost a quarter of law firms have reported being targeted by scammers in the last year.

Greg Bryce, Managing Director of SearchFlow, comments: “This is an alarmingly high level of reported fraud attempts and it clearly illustrates the extent of this problem. In particular, the conveyancing sector, where large sums of money are transacted, remains a primary target for criminals. Cybercriminals are using the most insidious techniques in an attempt to obtain financial information and data to steal money from homebuyers and law firms.

“There have been many initiatives to help combat the problem, with excellent advice, scam alerts and the Law Society’s recently updated Practice Note going some way to help best protect homebuyers and law firms. But the fraudster’s techniques are sophisticated and conveyancers require the best solutions available to protect themselves. Recognising the problem, and as part of our commitment to offering value added service, we have recently partneredwith Decision First to offer an unrivalled free service to protect conveyancers and homebuyers from the risk of fraud. Using Decision First’s Law Firm Search via the Lender Exchange, users can now ensure it is safe to transfer their client’s money by checking and confirming the client account of the vendor’s solicitor on every single transaction at no additional cost.”

Working on behalf of lenders to verify the details of law firms on their panels, Lender Exchange offers access to the largest set of verified conveyancing firms in England and Wales, equating to over 95% of the market. Lender Exchange’s Law Firm Search offers the most comprehensive check on solicitor’s details in the market and will provide much needed protection against this area of risk.

This article was submitted to be published by SearchFlow as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.

SearchFlow

http://www.searchflow.co.uk

 

 

 

 

www.searchflow.co.uk

SearchFlow is the UK’s largest provider of legal due diligence data for residential and commercial property transactions. Since its formation, it has supported over 5,000,000 instructions and delivered 26,000,000 searches; this equates to around 1 in every 4 property transactions in the UK.

SearchFlow recognises that proactively supporting each client’s journey is vital to delivering the right due diligence insights, searches, data, surveys and insurance for every transaction – whether a single residential property or a complex commercial portfolio. Via its advanced online ordering platform and backed-up by an award-winning customer service team, SearchFlow supports clients in delivering the conveyancing solutions needed to manage due diligence risk and achieve compliance.

By partnering with SearchFlow, property law professionals in the UK can deliver smarter, safer, and faster property transactions to their customers.

Based in Kent, SearchFlow is a Landmark Information Group business, which is part of DMGT plc.

Visit www.searchflow.co.uk for more information or follow via social media for regular updates:

Twitter: https://twitter.com/SearchFlow

LinkedIn: https://www.linkedin.com/company/searchflow/

Key Services

Address

42 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4AJ

Key Contact 

Name: Tracy Burtwell
Tel: 0800 977 8818
Email: [email protected]
LinkedIn: Tracy Burtwell

Leave a Reply

Your email address will not be published.

X