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Optimized-Stuart Law
February 11 2020

Assetz Capital reassures investors after scammers clone platform

Marc Shoffman Industry News, News, Top 3 Assetz Capital, business loans, FCA, Stuart Law

Assetz Capital has reassured investors that its website is safe, after it emerged that scammers had created a clone platform.

The peer-to-peer business lender warned investors this week that scammers had created a cloned site at assetzcapital.eu.

Stuart Law (pictured), chief executive of Assetz Capital, said there is no evidence that data on the real website, www.assetzcapital.co.uk, had been compromised and the only risk was to those who separately have accessed the fake domain.

Withdrawals were temporarily suspended yesterday (10 February) but have now resumed, Law said.

Read more: Assetz hits £100m IFISA milestone

“As long as you are on our own domain – www.assetzcapital.co.uk – you may continue to transact as normal as the site is safe, secure and is uncompromised,” he said.

“This incident is simply a malicious attempt to exploit the trust we’ve built up as one of the largest peer-to-peer lenders and set up a lookalike site to attract new investors and get them to send them money.

“The security of our users will always be the number one priority for our business.

“The systems, procedures and security infrastructure we have in place are tested periodically by independent experts and are designed to ensure that our platform is as secure as possible. Two factor authentication also plays an important part in keeping our users secure.”

Law said an investigation is ongoing and the end result is likely to be that the cloned domain comes under the platform’s control.

Read more: Assetz Capital ‘considering’ 36H Group membership

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