Scams

Minister of state for digital and culture Caroline Dinenage MP has written to Quilter saying that the government is committed to tackling the 'devastating crime' of investment scams.

https://www.professionaladviser.com/news/4033020/digital-minister-investment-scams-govt-committed-tackling-devastating-crime

An estimated 36 million adults have been targeted by scammers since January, according to Citizens Advice.

https://www.irishnews.com/magazine/technology/2021/06/13/news/around-36m-adults-targeted-by-scams-so-far-in-2021-citizens-advice-2353891/

One in five (20%) people respond to digital messages such as emails, texts or social media within two minutes according to research – potentially putting them at risk of fraud.

https://uk.finance.yahoo.com/news/fraud-risk-one-five-people-102542834.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

FINANCIAL scams leave victims scarred for life. As well as the financial loss, victims feel stupid, and often hide their mistakes.

https://www.irishnews.com/business/2021/06/07/news/avoiding-those-financial-scams-that-can-leave-you-scarred-2344153/

Yahoo Life, part of the Verizon Media family of brands, is committed to finding you the best products at the best prices. Some of the products written about here are offered in affiliation with Verizon Media. We may receive a share from purchases made via links on this page. Pricing and availability are subject to change.

https://uk.news.yahoo.com/how-to-protect-bank-account-from-fraud-yahoo-subscriptions-185734619.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

A new “fraud wave” has been reported in the UK, targeting mobile phone users with texts that, at first glance, appear to be from delivery companies or government institutions.

http://www.deeside.com/why-are-there-so-many-text-scams-all-of-a-sudden/

A consumer rights group has called for stronger consumer protections against sophisticated scams.

https://digit.fyi/british-consumers-are-losing-700k-every-day-to-bank-transfer-scams/#.YLgSLCdz7FU.twitter

Gift-giving season is upon us, with Father’s Day and graduations coming up, along with a cavalcade of weddings that had to be postponed due to the pandemic. One popular choice is gift cards — a business that is booming. According to AARP, the global consumer data firm Research and Markets project that "the U.S. gift card market will expand by nearly 10 percent to more than $170 billion in 2021.”

https://uk.news.yahoo.com/gift-card-scams-yahoo-subscriptions-213948624.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

Most investment scams relating to authorised push payment (APP) fraud originated online, UK Finance has found.

https://www.ftadviser.com/your-industry/2021/05/28/almost-all-investment-push-scams-originate-online/

Financial institutions should evaluate whether the technology, controls and processes they have in place are sufficient to address the risk that their customers fall victim to investment scams run by unregulated businesses, legal experts have warned.

https://www.pinsentmasons.com/out-law/news/fca-action-online-investment-scams