Category:Scam Warning

Latest Scam News

UK Government to Ban Digital Assets Related Cold Calls

To add to Address financial fraud and scams, the UK government introduced the ban on cold calls and plans to outlaw SIM farms, which are the devices that allow criminals to scam texts.

Banks Warn of Big Increase In Online Scams

Most banks are now facing an epidemic of scams, with an increase in 87 percent of frauds, where nearly 60 percent originated on social media and tech platforms.

UK Government To Make Big Tech Firms And Banks Liable To Pay For Losses In Online Frauds

The Treasury committee asked the UK ministers to use a different category of regulation to hold the tech platforms liable for hosting scam ads.

Millions Are Lost in Cryptocurrency Frauds Each Year

Millions Are Lost in Cryptocurrency Frauds Each Year, Cryptocurrency is digital money designed to transfer funds from one account to another in digital format.

Loss In Terms Of Monetary Value Through Scam Victims’ Wellbeing Was £9.3bn/ Year

One of the victims received an email related to the renewal of the TV license account. The target assumed it to be authentic, and she entered the credential on the websites

Emergency Number 159 Was Launched To Report Scams

An emergency hotline number 159 has been formed to report and verify the callers’ authenticity with the operator. They make a call through spoofed numbers.

71 Per Cent Growth In Frauds In the UK During the Pandemic

Over £4m was defrauded by individuals in the first half of the pandemic year; as such, crimes grew 71 per cent, where less than half of the loss was refunded.

Nationwide Recommends Delaying Risky Fund Transfers To Restrict Frauds

The Nationwide economic crime directors said that We can handle the epidemic of fraud by delaying the payments that do not appear normal.

How to Identify Unregulated Investment Scams?

How to Identify Unregulated Investment Scams? Often the investors who buy in scams seek high profits quickly through their earned money and suffer from losses of invested funds.