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How can you tackle fraudulent pension scheme websites?

Jim Gee, Partner, Head of Forensic Services
13/10/2021
Binocular looking over sea

Cybercrime is a very rapidly growing and evolving problem. A recent Freedom of Information request to the Information Commissioners Office showed the number of cybercrime-related breaches reported to them accelerating from two a month prior to March 2020, to five a month between April and November 2020.

Most recently, Crowe have become aware of fake websites being set up to mimic the genuine websites of pension schemes. This is a very real problem and, because the fake websites are given very similar names to the genuine domains, they can cause serious problems. If we imagine a pension scheme website for ABC pension scheme being www.abcpensions.co.uk, the fake website might be www.abcpension.co.uk, missing only one letter. After setting up such websites, cybercriminals can then send emails appearing to be from the genuine pension scheme. This might be done to obtain member data, to misdirect payments or for other purposes designed to generate criminal income. The fake websites have also been accompanied by a spate of phishing emails and attempts to hack into networks.

Crowe has a new service which identifies any fake websites and can work with affected organisations to try to take such websites down. The new service has been designed to be highly cost-effective for pension schemes.

Please contact Jim Gee, Partner and Head of Forensic Services at Crowe either at [email protected] or on 020 7842 7239 for more information.

Contact us

Jim Gee
Jim Gee
Partner, National Head of Forensic Services
London
Andrew Penketh
Andrew Penketh
Head of Pension Funds