Fraud goes viral – if it sounds too good to be true, it probably is

UK fraud prevention groups are warning individuals to be extra vigilant following a huge increase in the number of scams seeking to exploit the pandemic; as these scams increase in sophistication, we are all vulnerable.

Your best tactic is to equip yourself to stay ScamSmart; you can do this through checking the FCA website www.fca.org.uk/scamsmart. Action Fraud¹ revealed there was a massive 400% increase in reporting of scams in March. As scams continue to increase in sophistication it is harder than ever to distinguish them from the real thing.

 

Remember:

• Reject offers that come out of the blue
• Do not click on links from senders you do not know
• Be wary of deals that sound too good to be true
• Never give out personal details
• Take the time to make checks and seek financial guidance.

 

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If you are unsure about any financial opportunities, please contact us first.

¹Action Fraud, 2020