Finally! #GlobalBritain IS #WorldBeating at something: fraud. 😬🇬🇧
Criminals scammed UK banking customers out of £1.3BILLION in 2021: fraud accounted for 39% of all crime in 2020-21 (ONS). Globally, the UK now has the worst overall problem with online fraud relative to its size.
Criminals scammed UK banking customers out of £1.3BILLION in 2021: fraud accounted for 39% of all crime in 2020-21 (ONS). Globally, the UK now has the worst overall problem with online fraud relative to its size.
https://twitter.com/ClaerB/status/1542069810732859393
The average loss per victim of investment fraud last year was more than £14,000.
£77MILLION was lost to scammers posing as employees from utility companies, #HMRC, the #NHS or other official bodies using the threat of fictitious fines or outstanding debts to extract payments.
£77MILLION was lost to scammers posing as employees from utility companies, #HMRC, the #NHS or other official bodies using the threat of fictitious fines or outstanding debts to extract payments.
UK Finance warns that criminals research their targets, using information gathered from social media profiles, data breaches & previous scams - fake text messages urging us to register for energy help schemes, money off our shopping or pay for missed parcel deliveries etc
Currently, the financial ombudsman is over-ruling banks’ decisions not to refund in around 75% of cases — the fraud backlog means it takes nine months for it to get to complaints.
Nadine Dorries' online safety bill will impose a legal duty on the biggest platforms to police fake ads, but until social media sites are forced to share the huge cost of compensating victims, it is doubtful it will have much impact.
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