Scams

Scammers are being targeted by a new tool for UK Facebook users that allows the reporting of fake adverts.

The fight against fraud, bribery and corruption is never ending. Since the global financial crisis, authorities in the US, the UK and elsewhere have attempted to combat corporate malfeasance wherever it is found. Self-reporting has become one important mechanism, which, although risky, allows companies to benefit from deferred prosecution agreements (DPAs) and the reduced penalties they confer.

https://www.financierworldwide.com/perils-of-self-reporting#.XTTN9vZFxYd

The bank has teamed up with Kurupt FM, from BAFTA-winning BBC TV show People Just Do Nothing, to help it target under-25s as part of an anti-scam drive.

Consumers are being warned to look out for automated phone calls pretending to be from their bank or card company, after a wave of reports of similar scams.

Access Bank customers who have received fake and phishing emails like the one below, which claim their account has been listed for suspension, are asked not to follow the instructions in them. This is because the fake emails are being sent by cybercriminals who are attempting to trick their potential victims into clicking on the links in the fake emails.

https://www.onlinethreatalerts.com/article/2019/6/30/access-bank-account-suspension-due-to-errors-phishing-scam/

Rogue traders who defrauded an elderly man of £72,000 have been successfully prosecuted by Southwark Council Trading Standards.

Police in the UK have issued a warning about a bank scam so obvious it's hard to believe anyone could fall for it.

https://www.essexlive.news/news/essex-news/police-warning-over-bank-scam-3034880?utm_source=twitter.com&utm_medium=social&utm_campaign=sharebar

MORE than five million people in the UK have fallen victim to financial scams as fraudsters become more sophisticated in cheating them out of their cash, a study found.

https://www.express.co.uk/finance/personalfinance/1142044/phone-fraud-web-fraud-how-to-protect-yourself

Fraudsters posing as government tax officials are using Welsh Assembly phone numbers to threaten people, who are then making panicked return calls.

From fake romances to computer virus attacks, investment fraud and bogus tradespeople, it's important that you are able to spot a scammer before they scam you. But where are the highest levels of fraud in the country?

https://www.housebeautiful.com/uk/lifestyle/a28113662/top-fraud-scam-locations-uk/