Fraud & hargreaves lansdown

Oliver1191

Could fraudsters rver attack hl?

If so, how likely is this and what protections are in place?

bowlhead99

a) yes
b) fraudsters and hackers attack businesses all the time
c) requires intimate knowledge of HL's confidential systems, controls environment and processes that mitigate risk of various specific and general types of attack threat (including attack by employees and management), to be able to reply properly.

What you can say is that HL are a big company listed on the stock exchange with reasonably deep pockets, but hold a lot of customer assets. If they lose a proportion of their customers' assets and some of what they lose is some or all of your assets, and fail to compensate you adequately, and then go out of business, FSCS compensation can kick in for £85k.

AnotherJoe

Fraudsters could "attack" anyone. HL. Backrock. Barclays. Lloyd's. Nationwide. My aunt Elsie.
Since "attack" covers a multitude of events that's a non useful question. Much more likely to affect your money is your choice of investments.

dunstonh

Could fraudsters rver attack hl?

Yes. Fraudsters could target anyone.

If so, how likely is this and what protections are in place?

Every provider suffers fraud attempts. It has become commonplace.

Protections would depend on the type of investment you have, the assets you invest in and where and how the fraud took place.

SIPPs get less consumer protection than stakeholder pensions and personal pensions but not to a level that most consumers need to be worried about.

in most cases, it is the individual that is more likely to be targetted by fraudsters. You are considered the weak link in the chain.

MEM62

Oliver1191 wrote: »

what protections are in place?

That information would never be placed in the public domain as it would hand the advantage to the fraudsters.

Brynsam

Oliver1191 wrote: »

If so, how likely is this and what protections are in place?

Have you read https://www.hl.co.uk/security-centre/the-security-of-your-hargreaves-lansdown-account

marlot

Oliver1191 wrote: »

Could fraudsters rver attack hl?

Yes!


I put a new government service up a couple of years ago. We left it running for a few days with minimal security (and no critical data/services). There were loads of automated bots attacking it within hours.