Scam warning: Brits urged to stay alert as major scams run rampant in 2022 | Personal finance | Finance

Over the past year, fraud and crime watchdogs have been updating savers and consumers on developments in fraud over the past two years, particularly during the pandemic. Recently, data from Lloyds Bank revealed that criminals are using WhatsApp more often to trick victims into parting with their money by posing as loved ones. The bank reports that this type of identity theft scam has increased by 2,000% in the past year.

UK Finance, the country’s trade association for the banking and finance sector, has stepped in to inform the public about the most prevalent examples of fraud today and how people can avoid them.

Speaking exclusively to Express.co.uk, a UK finance spokesperson said: ‘The banking and finance industry is committed to preventing fraud from happening in the first place, investing billions in tip to protect customers and businesses and to work closely with the government. and law enforcement to target responsible criminal gangs.

“Given the scale of the challenge fraud poses, we have long argued that other sectors, including online businesses, must do more to help protect the public.

“We encourage consumers and businesses to follow the advice of our Take Five to Stop Fraud campaign.

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“Criminals try to rush people into making decisions and therefore people should always take a moment to stop and think before parting with money or personal information as it could be a scam.”

Due to the pandemic, consumer habits have changed, leading to a change in the behavior of criminals, which UK Finance considers to be the most drastic development in recent years.

They added: “With more of us working from home and shopping online during the pandemic, criminals have taken advantage of this opportunity to advertise counterfeit products online, on auction sites or on social networks.

“They ask for payments in advance, but the product does not exist or is never received.

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“Common scams include the apparent sale of a car or technology product, such as a phone or computer, advertised at a low price.

“The criminals also advertised fake vacation rentals and fake concert tickets. While many online platforms offer secure payment options, they will convince you to pay by bank transfer instead.

Additionally, the financial expert explained how the pandemic has exacerbated criminal operations when it comes to certain types of purchase scams.

“With more of us working from home and shopping online during the pandemic, criminals have taken advantage of this opportunity to advertise counterfeit products online, on auction sites or on social networks. social,” they added.

“They ask for payments in advance, but the product does not exist or is never received.

“Common scams include the apparent sale of a car or technology product, such as a phone or computer, advertised at a low price.

“The criminals also advertised fake vacation rentals and fake concert tickets. While many online platforms offer secure payment options, they will convince you to pay by bank transfer instead.

One scam in particular involves sending text messages pretending to be parcel delivery companies.

The spokesperson concluded: ‘In the message they claim the courier was unable to complete a delivery and may ask you to pay a fee or provide additional details in order to rearrange.

“The message often contains a link to a very convincing but fraudulent website asking for your personal and financial information.”

Anyone concerned about the rise in scams is encouraged to visit the Action Fraud or UK Finance website for advice and updates on the latest activity.

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