CRIMINALS EXPLOIT COVID-19 PANDEMIC WITH RISE IN SCAMS TARGETING VICTIMS ONLINE

Criminals used the Covid-19 pandemic to target victims online, through impersonation scams, romance fraud and investment scams. UK Finance is calling for new legislation to make online platforms responsible for taking down fraudulent content and better protect consumers from these scams. In 2020, Authorised Push Payment (APP)3 fraud losses amounted to £479 million, up five … Continued

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ROMANCE SCAMS ON THE UP DURING LOCKDOWN

UK Finance is today urging the public to be vigilant and look out for friends and family to help keep them safe from romance scams this Valentine’s Day. New data from UK Finance reveals a 20 per cent increase in bank transfer romance fraud between January and November 2020 compared to the previous year, with … Continued

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SCAM ALERT: UK FINANCE WARNS PUBLIC TO BEWARE OF PARCEL DELIVERY SCAMS IN RUN UP TO CHRISTMAS

UK Finance is warning consumers to be vigilant against criminals looking to defraud them by posing as parcel delivery companies, as more people across the country are expected to shop online this Christmas than ever before. Intelligence from UK Finance suggests that criminals are sending out phishing emails, purportedly from well-known delivery companies, which claim … Continued

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SCAM ALERT: ARCADIA GROUP* IN ADMINISTRATION & DEBENHAMS CESSATION OF TRADING

Consumers should be vigilant of criminals attempting to use the Arcadia Group being placed into administration and Debenhams being liquidated as an opportunity to trick people into revealing personal or financial information. Criminals will often use the publicity around these sorts of events as a chance to pose as a genuine organisation, including banks, police … Continued

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SCAM ALERT: CONSUMERS WARNED OF ONLINE SCAMS AHEAD OF BLACK FRIDAY

With Black Friday and Christmas approaching, criminals are again stepping up their efforts to take advantage of consumers searching for bargains. Social media platforms, online market places and auction websites are increasingly used by criminals to carry out these purchase scams, where a customer pays in advantage for goods or services that are never received. … Continued

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BLOG: BARGAIN OR A SCAM?

Black Friday is widely seen as a great opportunity to score deals on expensive electrical goods and designer items, or to finally purchase that expensive footwear you’ve had your eye on for a while at a discounted price. However, it is also many criminals’ favourite time of the year to trick people into purchasing things … Continued

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CONSUMERS WARNED OF ONLINE SCAMS AHEAD OF BLACK FRIDAY

With more customers likely to shop online on Black Friday due to social distancing restrictions, UK Finance urges the public to be on the lookout for online scams. Latest intelligence suggests a recent rise in purchase scams on Christmas gifts and home improvement products, as more people stay at home and shop online. Consumers should … Continued

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CRIMINALS EXPLOIT COVID-19 AS FRAUD MOVES INCREASINGLY ONLINE

Unauthorised fraud fell by eight per cent to £374.3 million in first half of 2020, as the banking industry prevented £853 million of losses. Criminals are exploiting and adapting to Covid-19 with a rise in online data harvesting and a fall in cheque and contactless card fraud. £207.8 million was lost to Authorised Push Payment (APP) … Continued

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