Lisa Barber, tech editor at Which?, said: “It’s appalling that 2023 has seen scammers continuing to thrive, as a new wave of convincing scams bombards consumers from every direction.”
The warning comes after the government published a new fraud strategy earlier this month, which includes banning cold calls on all financial products, such as those relating to insurance or sham cryptocurrency schemes.
The government also plans to work with advertising regulator Ofcom to use new technology to further clamp down on number “spoofing”, so fraudsters cannot impersonate legitimate UK phone numbers. Under the plans, banks will be allowed to delay the processing of payments for longer to allow for suspect transactions to be investigated.
Here are four scams to watch out for:
Pig butchering
These scams were given their name by fraudsters because they “fatten up” the victim by forming a romantic connection before executing the investment part of the scam.
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