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Umbrella company cloning is the latest threat to the contractor payroll industry

Umbrella company cloning is the latest threat to the contractor payroll industry

In a recent article published by the FCSA, a warning has been issued to recruitment agencies that refer candidates to umbrella companies. It’s become apparent that criminals are pretending to represent well-respected umbrellas under fake companies (with almost identical names) in an attempt to trick agencies into sending payments to …

Umbrella company cloning is the latest threat to the contractor payroll industry » Read the full story

Giant Pay confirms over 18,000 payments have been made and “all outstanding payrolls” have been processed after security breach

Giant Pay confirms over 18,000 payments have been made and “all outstanding payrolls” have been processed after security breach

Over a week after Giant Pay became the “victim of a sophisticated cyber-attack”, an update on the company’s website confirmed that on Friday 1st October 2021, Giant Pay had been able to make “over 18,000 payments to workers” and had “processed and paid all outstanding payrolls”. The full announcement from …

Giant Pay confirms over 18,000 payments have been made and “all outstanding payrolls” have been processed after security breach » Read the full story

Advice for contractors and recruitment agencies to stay safe from cyber-criminals when engaging with an umbrella company

Advice for contractors and recruitment agencies to stay safe from cyber-criminals when engaging with an umbrella company

The security threats faced by Giant Pay and Unified Payroll have sent shockwaves through the umbrella company marketplace. Thousands of contractors have failed to receive their hard-earned salaries, and a lack of communication has caused extreme frustration by those impacted. We sincerely hope everything is resolved shortly. Our thoughts are …

Advice for contractors and recruitment agencies to stay safe from cyber-criminals when engaging with an umbrella company » Read the full story

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