The attack on the CISI website - which targeted credit card transactions - came from a "highly organised international attacker", Financial Planning Today understands.

The CISI has launched an investigation after a website attack resulted in 1,000 customers and members being exposed to the risk of credit card fraud.

Crooks and scammers have been taking advantage of the Coronavirus epidemic to ramp up their fraud operations with a 400% increase in virus-related fraud in March.

The FCA and Action Fraud have warned the public over scams carried out via bogus online trading platforms, as it was revealed £27m had been fleeced from investors.