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NFIB raise awareness as fraudsters target medical practices

Posted on 2nd February 2017

We are raising awareness of a current CEO fraud which sees medical practices losing large amounts of money.

The National Fraud Intelligence Bureau (NFIB) has seen an increase in the volume of these reports which sees fraudsters contacting medical practices purporting to be a chief executive officer (CEO) or other senior partner.

The fraudster requests for payments to be made into a specific bank account under the pretence of a highly sensitive or urgent transaction.

Initial contact appears to be made via email from an address similar to the one the senior partner would use, although the suspect may telephone to complete the fraud if required. In addition, the fraudster may also introduce a second fraudster, who poses as a lawyer or regulator.

The fraudster often requests that they are not contacted further by the authorising member of staff as they are busy. Alternatively the fraudster may pick occasions when the genuine senior partner is on holiday, therefore preventing the authoriser from checking the validity of the request.

Advice from the National Fraud Intelligence Bureau includes:

  • Review internal procedures regarding how transactions are requested and approved, especially those in relation to verifying validity.
  • Check email addresses and telephone numbers when transactions are requested. If in doubt request clarification from an alternatively sourced email address/phone number.
  • Don’t be afraid to question details when being tasked to transfer money at short notice.

If you, or anyone you know, have been affected by this fraud or any other scam, report it to Action Fraud by calling 0300 123 2040 or clicking here

For more advice around fraud, visit the dedicated Stamp out Fraud here

Do you need a quick answer to a general question? Then we recommend you visit the national Ask The Police web site.