beatthescammers

Investment impersonation scams rise more than 600% since 2010: What do you need to look out for and what should you do if you become a victim? Investment scams impersonating financial services firms rise 634% since 2010 Impersonation scams account for 37% of all FCA warnings issued since 2010 453 clone warnings issued by FCA … Read more

Online fraudsters hit lockdown shoppers as stolen payment cards for sale on ‘dark web’ rise By Neil Craven for The Mail on Sunday Published: 22:16 GMT, 26 December 2020 | Updated: 22:58 GMT, 26 December 2020 Cyber security experts recorded a sharp rise in online shopping fraud in November as stores shut during the month-long … Read more

It starts with an out-of-the-blue phone call, email or text message and an offer to help with your pension: a plausible pitch explaining how you can enjoy a richer retirement in a few simple steps. The promise sounds too good to be true, and it almost certainly is. Yet pension-scam victims are still losing millions … Read more

Pension cons are not the only way fraudsters can now steal your investments in an instant.  The pandemic has seen a rise in sophisticated scams targeted at investors looking to make their money go further. Industry body UK Finance says British savers lost £55.2 million to such scams in the first half of 2020 — … Read more

Fraud is now Britain’s most common crime and anyone can be a victim, says City of London Police By Ian Dyson Commissioner Of The City Of London Police Published: 22:00 BST, 8 September 2020 | Updated: 23:00 BST, 8 September 2020 Fraud fight: Ian Dyson Commissioner of the City of London Police Fraud used to … Read more

Hackers are exploiting the pandemic to launch cyber-attacks on some of the UK’s biggest companies. Firms distracted by the crisis are more vulnerable than ever. In May, easyJet revealed that it had been the victim of a cyber-attack, which had compromised the details of 9.8 million customers. It said 2,200 credit card details were accessed, … 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

Some 107,000 fraudulent insurance claims, worth a total of £1.2billion, were uncovered by insurers in 2019, new data has revealed. A new scam was uncovered every five minutes, equating to 300 fraudulent claims, and just over 2,000 false applications being detected every day, according to research from the Association of British Insurers (ABI). The frauds … Read more

A Metro Bank customer lost £26,000 after a fraudster took advantage of compromised card details to scam him twice in what the bank described as a sophisticated social engineering scam. The man from Bedford, who did not wish to be named, said he was left checking his online banking ‘every five minutes’ after fraudsters accessed … Read more

Don’t be a student sucker: Youngsters warned over offers of ‘easy money’ as more are tempted into laundering cash for criminals via current accounts Reporting body Cifas said there were a record 364,000 reports of fraud in 2019 A large proportion of these were cases of suspected ‘money muling’  This is where people are convinced … Read more

Former fraudster Tony Sales, who served a prison sentence for his crimes, now helps organisations in their fight against fraud.  He is head of strategic development at fraud prevention group We Fight Fraud.  He says: ‘Since the dawn of the internet, criminals have been able to take over bank accounts either by hacking, socially engineering … Read more