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Dear Church Street Retailers, We are seeing a rise in fake supplier scams targeting businesses across London. Fraudsters are impersonating legitimate suppliers or service providers to trick staff into changing bank details or paying fake invoices.
🕵️♂️ How the Scam Works You received an email or letter claiming to be from a known supplier.The message requests an urgent update to their bank account details.A legitimate-looking invoice may follow, often with pressure to pay quickly.Payments are diverted to the fraudster's account, and the real supplier remains unpaid.⚠️ Red Flags to Watch For Sudden changes in payment instructionsEmails with slight misspellings in domain names (e.g., @supp1ier.com instead of @supplier.com).Unusual urgency or pressure to act quickly.Poor grammar or unfamiliar contact names.✅ What You Should Do Verify any change requests by calling the supplier using known contact details.Train staff to spot Phishing and social engineering tactics.Use dual authorisation for financial transactions.Report suspicious activity to Action Fraud at at www.actionfraud.police.uk or call 0300 123 2040. 📣 Share This Alert
Help protect your business community. Share this alert with your finance team, suppliers, and business networks.
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