Scams

TSB says 80% of cases in its main fraud categories come from scams on Meta platforms including Instagram.

Meta has been urged to take action to protect customers from fraud, after TSB said scams via the social media company’s platforms Facebook, WhatsApp and Instagram have soared.

https://www.theguardian.com/uk-news/2023/may/05/facebook-whatsapp-instagram-fraud-scams-tsb-meta?CMP=share_btn_tw

Tax credits customers will receive their annual renewal packs between May 2 and June 15, but scammers are anticipated to strike.

https://www.express.co.uk/finance/personalfinance/1764623/hmrc-scam-warning-tax-credits

A TECH-SAVVY York man who lost £12,000 in an investment scam that used images of famous TV stars as bait is warning others not to make the same mistake.

https://uk.style.yahoo.com/kicking-myself-warning-york-dad-030000256.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

TSB Bank have demanded that Meta-owned companies, such as Facebook and Whatsapp, take greater responsibility for fraud carried out on their platforms as the government launches its new fraud crackdown.

https://www.cityam.com/lloyds-tsb-bank-demand-facebook-and-whatsapp-take-responsibility-for-fraud-on-their-platforms/

An elderly man was nearly conned out of more than £1,600 by a scammer who claimed to be selling commemorative Coronation coins.

https://www.itv.com/news/anglia/2023-05-01/police-warn-of-coronation-coins-scam-targeting-royal-fans

Following the news that Ofcom is investigating ways to stamp out spoofing, a popular tactic by scammers to trick people into thinking a phone call is from a trusted person or organisation, Marijus Briedis, cybersecurity expert at NordVPN, has commented.

https://ifamagazine.com/article/ofcom-spoof-call-crackdown-consumers-shouldnt-have-to-spend-their-days-dodging-these-scams-nordvpn/

As the UK continues to grapple with its cost-of-living crisis, scammers are taking advantage of people’s increased financial vulnerability.

In the first half of 2022 alone, criminals stole a total of £609.8 million through scams, according to UK Finance data.

You are more likely to fall victim to fraud than robbery or violence in England and Wales. What’s more, according to the government, 61% of fraud offences in England and Wales are committed online. But how many of these scams target mobile phone users?

https://www.uswitch.com/mobiles/compare/sim_only_deals/mobile-fraud/

'The court heard that the work was unnecessary and did not meet relevant British Standards'

Two rogue traders who conned an elderly man out of almost £30,000 for poor roof work that was not needed have been sentenced.

https://www.business-live.co.uk/retail-consumer/rogue-traders-sentenced-after-conning-26715582

Financial institutions everywhere are still wrangling with the issues of vishing and smishing, the identifiable code words for scam phone calls and text messages. According to the Crime Survey for England and Wales (CSEW), there were an estimated 4.5 million fraud offences in the Telephone-operated Crime Survey year ending March 2022, a 25% increase compared with the CSEW year ending March 2020.

https://www.finextra.com/blogposting/24064/no-caller-id-stopping-the-onslaught-of-fraud-text-messages-and-phone-calls