FCA buried finding that its top bosses ‘missed opportunity’ to stop major investment scams- Tempemail

The City watchdog buried its own finding that its top bosses missed an opportunity to stop scammers pushing investments which later collapsed with almost £70m of savers’ cash, internal correspondence indicates. The documents raise further questions about Bank of England governor Andrew Bailey’s failure to stop an epidemic of investment Continue Reading

How fraudsters can use the forgotten details of your online life to reel you in | Scams- Tempemail

I’m sitting in a meeting room in Cambridge when a photo of a cat in a jigsaw box appears on the whiteboard. “Is this your cat?” asks anti-fraud expert Steve Goddard. I nod. “Is he called Chester?” I nod again. And so begins a whistlestop tour of my life online. Continue Reading

Social media firms serve as gateway for scammers, says finance watchdog | Scams- Tempemail

Social media sites such as Facebook and Instagram serve as a “gateway” for fraudsters, the City watchdog has warned, as it demanded they take tougher action on financial scams. While the Financial Conduct Authority praised Google for having changed its terms for financial advertisements this month, the regulator’s head of Continue Reading

Loan sharks target new victims via WhatsApp and Facebook | Scams- Tempemail

Local WhatsApp groups have been one of the silver linings of the pandemic, creating community ties and support networks. Yet loan sharks are increasingly using these groups to extort money from their victims, according to England’s Illegal Money Lending Team (IMLT), an organisation that prosecutes illegal lenders and supports victims. Continue Reading

Martin Lewis: ‘There’s an epidemic of scams, but fraudsters are getting off scot-free’ | Scams- Tempemail

The text message from HMRC about a Covid-19 refund, the email about a mysterious DHL parcel that couldn’t be delivered, the breathless Facebook post from Martin Lewis, urging you to invest in bitcoin – scams are a daily hazard of modern life. Yet Lewis, the consumer champion who sued Facebook Continue Reading

Haunted by shame: victims of bank transfer scams tell of lasting trauma | Scams

Mary Higgins’s life changed the moment the phone rang one afternoon in November. The caller claimed to be from the Metropolitan police fraud department and told her that her bank cards had been compromised. In an elaborate scam, involving two days of phone calls from fake officials, the 78-year-old was Continue Reading

Web giants must stop cashing in on pension scam misery, say MPs | Scams

Ministers must force tech giants such as Google, Facebook and Microsoft to stop the “immoral” practice of profiting from the £10bn of pension fraud committed by internet scammers, a committee of MPs has urged. Fraudsters use online advertisements, mostly on Google, to trick people out of their pension funds, according Continue Reading

Experts warn Covid vaccines being sold on darknet likely to be scams | Health

Three major Covid-19 vaccines are being advertised for sale on the darknet – the part of the internet not visible to search engines and which requires specialised software to access, an analysis of 15 marketplaces has found. Researchers at the global security company Kaspersky found advertisements for the Pfizer, AstraZeneca Continue Reading

How to Defend Against Malware, Phishing, and Scams During COVID-19 Crisis – Tempemail

As if the exponential rise in phishing scams and malware attacks in the last five years wasn’t enough, the COVID-19 crisis has worsened it further. The current scenario has given a viable opportunity to cybercriminals to find a way to target individuals, small and large enterprises, government corporations. According to Continue Reading