Over half a million vehicles have been found for sale online while already having live finance agreements in place. Commonly known as ‘Wrongful Conversion’ or ‘Conversion Fraud’, the practice sees vehicles bought and sold when there is no legal grounding to do so.
The Financial Ombudsman Service (FOS) has published its annual complaints data (FY 2022-23), showing a small year-on-year increase in number of complaints handled.
There have recently been reports of the file transfer application, MOVEit, becoming vulnerable to cyber attacks that could have led to personal data being exposed.
Recording of the Industry Outlook webinar 'Risky Business: managing fraud, theft and asset protection' which was sponsored by Coastr and included speakers from Avis Rent a Car, Sentinel Insurance and Coastr.
To mark Safer Internet Day, the BVRLA is reminding people to be wary of scammers who are promoting bogus vehicle leasing deals online to extract money from unsuspecting customers.