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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