Scammers surely cannot believe their luck. A simple phone call is now all it takes to steal a pension saver’s life’s work. What’s more, as we reveal here, pension firms and financial regulators don’t have the power to intervene. And the police are not likely to investigate. It’s a win-win for fraudsters. It’s dreadful to … Read more
Fraud victims are now losing at least £11.5 million a day as scammers seek to cash in on coronavirus, Money Mail can reveal today. Alarmingly, the true figure is thought to be nearer £80 million a day because only a fraction of all fraud is officially reported. Experts warned early on that crooks were attempting … Read more
Surge in scams as fraudsters cash in on desperate savers struggling with record low rates and market turmoil By Victoria Bischoff Money Mail Editor For The Daily Mail Published: 21:51 BST, 19 August 2020 | Updated: 21:51 BST, 19 August 2020 Fraudsters are cashing in on savers desperate for a decent return on their money … Read more
Phone and email scams have doubled during the coronavirus lockdown, government figures reveal. Criminal gangs have become increasingly creative in targeting vulnerable people during the pandemic. Scams include authentic-looking emails telling the victim is due a tax rebate to more threatening claims that police will be called if they refuse to divulge personal information. At … Read more
Blameless victims of sophisticated bank scams are being left thousands of pounds out of pocket because of a refund ‘lottery’. Under rules which were introduced in May last year, banks are meant to refund fraud victims who have taken reasonable care to protect themselves. Yet firms continue to wriggle out of paying refunds and treat … Read more
Fraudsters capitalise on lockdown uncertainty to steal £4m as investors are lured by sophisticated scams By Daily Mail City & Finance Reporter Published: 21:50 BST, 13 July 2020 | Updated: 21:50 BST, 13 July 2020 Fraudsters have stolen around £4million from investors in recent months through large-scale sophisticated scams, the Investment Association (IA) has warned. … Read more
Holidaymakers have been warned to be on the lookout for scams this summer as criminals take advantage of the uncertainty surrounding coronavirus travel restrictions. With many now panicking into booking a last minute trip and not wanting to miss out, potential travellers are more vulnerable to falling into a trap. UK Finance has urged travellers … Read more
Hot tub crime machine: Purchase scams involving plug-in pools up 400% as crooks take advantage of sunshine loving Britons Hot tub sales have surged since the lockdown as Britons splash out on luxuries NatWest said purchase scams went up five-fold between April and May Hot tubs involved in third-most purchase scams after Nintendo Switch and … Read more
Facebook to scan private chats in Messenger for signs of scams and deliver pop-up notifications to users who appear to be falling for them Machine learning will detect unusual behaviour and warn people of scams In-app notification will warn people and offer formation on how to avoid scams Similar feature will be used to help users spot potential … Read more
Stop blaming the victims of fraud! Banks still failing to help many who lose money in financial scams Some fraudsters are seeking to cash in on the coronavirus crisis Report by payments regulator reveals banks are still too quick to dismiss victims Only £4 in every £10 lost to so-called push payment scams refunded last year … Read more