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Risky business?

A panel of leading experts discuss the dangers facing conveyancers and how best to minimise their impact should they strike your practice

7 June 2017

What are the emerging major risks that conveyancers should be aware of?

Richard Brown, head of 1-10 partner solicitors at Miller Insurance: The main current risks are largely surrounding cyber, hacking, and property fraud. While conveyancers are becoming more aware in these areas, they remain common prey for criminals and are targeted due to their handling of client funds, their databases, and the pressure under which they often work. Although email hacking and ‘Friday afternoon fraud’ have brought criminals some significant success, it is often the cases of identity theft and ‘selling’ properties that do not belong to the criminal that have produced the most significant losses. We are also keeping a watchful eye on the current ground rent issue to see if this develops into a major concern for conveyancers.

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