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February is known as the month of romance – but lockdown rules have resulted in further isolation for singletons, leaving thousands with lonely hearts seeking love remotely. But with this desperation comes another threat: romance fraud. It has become a very lucrative industry for fraudsters, and last year victims of this type of scam were … Read more
Banks could be forced to publish figures showing how often they pay back blameless fraud victims as new data reveals those who lose money to bank transfer scams continue to face a lottery. Publishing information about victims’ losses and how often they were reimbursed by their bank ‘would give banks a strong incentive to do … Read more
Crooks con £55,000 a day out of lonely hearts during an online dating boom in lockdown By Fiona Parker For The Daily Mail Published: 22:01 GMT, 9 February 2021 | Updated: 22:01 GMT, 9 February 2021 Romance fraudsters are stealing more than £50,000 a day during an online dating boom in lockdown. There was a … Read more
Beware the latest Royal Mail con doing the rounds: Fake text tells consumers they owe £2.99 as it warns of 17 separate scam messages Fake emails and texts impersonating parcel companies have been widespread One Twitter user reported the latest example which seeks to harvest details The request for a £2.99 fee comes at a … Read more
Investment impersonation scams rise more than 600% since 2010: What do you need to look out for and what should you do if you become a victim? Investment scams impersonating financial services firms rise 634% since 2010 Impersonation scams account for 37% of all FCA warnings issued since 2010 453 clone warnings issued by FCA … Read more
Banks fail in bid to water down protections for online shopping scams as watchdog confirms victims will still be covered by refund pledge Banks had wanted purchase scams to be excluded from an anti-fraud code They feel they should not have to pay out when victims lose money this way The watchdog said it would … Read more
Why was I re-billed £115.25 for a clearly fraudulent PayPal transaction even though I’d never had an account and never made the purchase? Ethan Patterson, 18, spotted two suspicious purchases at the start of November He said the transactions were fraudulent as he had never had an account The money was initially refunded but was … Read more
Widower Thomas Wyness is fighting back after being targeted by scammers For nine years, widower Thomas Wyness was bombarded with letters telling him he’d won high-value cash prizes, televisions and cars. All he needed to do, the letters told him, was send a small sum of money to an overseas postbox to claim it. But … Read more
TSB still hasn’t rolled out extra online banking security for all customers 10 months after deadline as it comes second-bottom for online security The bank ranked second bottom for online security in new research by Which? This was largely due to its failure to roll out two-factor authentication Banks had been required by the regulator … Read more
Fake texts from fraudsters pretending to be Royal Mail and emails impersonating the likes of Microsoft, UPS and car park operators were among the scams which tried to catch Britons out over the festive period. This is Money asked for readers’ experiences after we reported how phishing emails which pretended to be from the courier … Read more