Conveyancing fraud is increasing due to the fact that it often involves large sums of money it is an attractive fraud type for criminals consumers must educate themselves on what it looks like but most of all ensure that their own security procedures are strong enough to deter hackers. Photograph david levene for the guardian early last month the sra said conveyancing fraud can see people lose their life savings it added we also want to see firms making sure . I lost 137000 in a conveyancing scam but my banks fraud team had gone home save dr an action fraud spokesman said the crime report was sent to the national fraud intelligence bureau . Conveyancing processes and procedures may differ from state to state any system of conveyancing that is based upon the registration of title and mortgage documents is inherently susceptible to fraud. Conveyancing fraud is now believed to be the most common type of cybercrime in the legal sector and can result in unwary homebuyers losing tens of thousands of pounds
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