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Misys is probing hoax email over DBS

Misys has launched an investigation after trade newspapers received a hoax email last week from someone purporting to represent DBS and claiming the network faces closure to new business after failing to secure PI cover.

The email, received by Money Marketing on Thursday, says: “It is with deep regret that DBS announce the failure to secure terms with professional indemnity insurers for the year beginning August 1, 2002. After consultation with the FSA, we must close for new business on July 30, 2002.”

Although the message closely resembles genuine DBS press releases, it came from a different server path, suggesting that someone tried to clone the DBS email address.

The hoax was discovered when MM contacted Misys and DBS.

The network&#39s PI cover is due for renewal at the beginning of August but DBS says it is not struggling to secure terms and expects next year&#39s cover to be granted as usual.

Misys head of media relations Paul Charles says: “We are very concerned when journalists are given misleading information through hoax emails. The information in it was malicious and was designed to cause maximum confusion among journalists reporting on the financial services industry.

“Our members should not be alarmed by malicious content in hoax emails. We will make further inquiries into its origin.”

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