🚨 New Fraud Alert: Don’t Fall Victim! 🚨
Scammers are evolving and their tactics are becoming slicker. Cases of people getting tricked into sending money to fraudsters have surged by 12% in the first half of this year alone. While the overall number of authorised push payment scams has dropped, the monetary loss is still skyrocketing, especially with investment scams being a major culprit.
👀 The figures are alarming: investment scams saw an average loss of £15,098! In just six months, reported APP fraud losses hit an astonishing £257.5 million. But there’s a silver lining: £159.2 million was returned to victims, marking a 24% increase compared to last year. Thanks to new mandatory reimbursement rules, most fraud victims are getting their money back.
Whether it’s a purchase scam or a romance scam, fraudsters are targeting all kinds of vulnerabilities. Romance scams alone have surged by 35%! Social media and telecom platforms are a hotbed for these scams, with two-thirds of them starting online, and over 17% initiated via telecom networks.
🛡️ Awareness is key! Fraud experts stress the importance of staying informed and sceptical. When it sounds too good to be true, it often is. Before transferring money for investments, always ensure the firm is registered with the Financial Conduct Authority (FCA).
💬 Have you or someone you know been targeted? Let’s keep the conversation going and raise awareness to tackle this growing threat together. Share your experiences and tips for recognizing scams in the comments.
Stay alert, stay safe! 🕵️♂️🔍
#FraudAwareness #StaySafeOnline #ScamAlert