UK to force tech giants to tackle scams
In a bid to crack down on ‘massive problem’ of ‘get rich quick’ adverts
Scams
-
-
‘Ethical water’ investment scam directors banned
Scheme ‘robbed a number of elderly people of a large chunk of their life savings’
-
UK gov’t unveils stricter pension transfer rules to fight scams
It was ‘right to hand schemes greater power to protect members’
-
UK takes aim at internet giants in online scams crackdown
Letters have been sent to Microsoft, Twitter, Snapchat and TikTok
-
Crypto ‘provides a serious potential for exploitation and harm’
UK regulator admits fraudsters and scammers are ‘benefitting from new technologies’
-
Google gives FCA extra $2m ad credit in fight against scams
As tech giant says it took down 123 million adverts in 2020 for violating financial services policies
-
Fraudulent European investment platform shut down
After it scammed victims out of at least €15m, which could ‘even amount to approximately €500m’
-
‘Significant amount’ of financial abuse inflicted by family members
The fact that ‘very few crimes are ever reported’ requires more attention from the industry
-
One in five retired Brits fell for a financial scam
As warnings from the regulator skyrocketed by 100% in one year
-
Fraud and scam complaints to ombudsman rise 66%
‘It’s a real concern that we are seeing such an increase’ in cases
-
FCA injects £11m into fight against investment scams
Consumers lost £570m to fraudsters in 2020-21 alone
-
More than 20 million Brits targeted by financial scammers
‘It is worrying to see the sheer scale’ of the problem