Regulator warns fraudsters using its name in scams

CONSUMERS are being targeted by fraudsters impersonating the Financial Conduct Authority, the regulator warned, after receiving thousands of fake scam reports.

- 

The watchdog said it received 4,465 reports of scammers pretending to be the FCA in the first half of the year.

The fraudsters seek to steal money by getting people to hand over funds or sensitive information, such as bank account PINs and passwords.

Around 480 victims were duped into sending money to the fraudsters over the half-year, the FCA said.