It has been easier during the pandemic for criminals to cash in on those they think more likely to fall for scamsWhen Angela Smith* phoned her 93-year-old mother to remind her to take her medication, she asked, as usual, how her day had been. “She said…
Black Friday: how to avoid scams when shopping for deals
Fraudsters aim to exploit shoppers’ desire to save money, but follow these tips before splashing outBlack Friday and Cyber Monday aren’t only on shoppers’ and retailers’ radars – scammers take any opportunity they can to exploit our eye for a bargain, …
Hollywood grifter: the actor who took Tinseltown for a Ponzi scheme ride
Zachary Horwitz ran a five-year scam that defrauded wealthy investors of at least $227m by claiming to be in licensing deals with Netflix and HBOIt’s a tale about a Hollywood grifter that reads like an outlandish movie script. But this real-life story …
UK contactless payments limit is rising to £100 – should you be worried?
Some fear overspending or say the change from Friday is ‘a thief’s dream’, but there are safeguardsIt’s a financial revolution that began quietly in September 2007. That is when the first contactless bank cards were introduced in the UK, allowing peopl…
Apple makes it easier to report bad apps and scams
Following reports that revealed that a significant percentage of top App Store apps were scams, Apple is allowing users to report such behavior as part of iOS 15.
Money mules: how young people are lured into laundering cash
Criminals are using students and others to unwittingly move funds through their bank accountsReaders’ £1m losses highlight scale of the UK’s fraud crisisThe job advert seemed timely. It offered between £500-£1,000 a week to work from home as an agent f…
Can someone explain how this video has 4.1M Views but has 200 likes?????
I really can’t think of a more perfect encapsulation of the last 10 stupid and wasteful years of bloated VC-funded digital media than a constantly-pivoting digital publisher launched by two Goldman Sachs employees abusing underpaid staffers, dangling u…
Social media firms serve as gateway for scammers, says finance watchdog
FCA threatens action unless platforms such as Facebook, Twitter and Instagram do not toughen up against fraudstersSocial media sites such as Facebook and Instagram serve as a “gateway” for fraudsters, the City watchdog has warned, as it demanded they t…
Scam ‘epidemic’: Big tech firms must join fight, says Nationwide chief
Building society launches pre-payment hotline after bank-transfer scams rise sharply during pandemicTechnology, telecoms and social media companies should take more responsibility for stopping scams as the problem reaches “epidemic proportions”, the UK…
Banks must treat victims of scams more fairly, says UK complaints body
Number of people asking ombudsman for help rose by 66% between April to end of JuneBanks need to do more to treat people fairly when they are the victim of scams, according to the UK financial sector’s official complaints body, which is finding in the …