Your current account is likely the most frequently used financial product in your daily life. From swiping your debit card to paying bills and making bank transfers, your current account is essential. It’s where you receive your income, whether it’s from your job, pension, or rental income. In the UK, there are approximately 75.6 million …
Data breaches are becoming increasingly common and lucrative for criminals who aim to exploit individuals and steal their hard-earned money. In 2022 alone, there were 422 million data breach victims, a significant increase from the previous year’s 268 million, as reported by the Identity Theft Resource Center. One recent high-profile breach occurred in Northern Ireland, …
“I believe this software has the potential to alleviate some of our most pressing social issues, such as poverty. It has the ability to truly help people,” Mr. Musk expresses in the manipulated video. The fabricated footage then prompts viewers to click on a link to participate in the fraudulent scheme. “To kickstart your journey …
Fortunately, the AI voice scams we’ve seen so far are not as intricate or disturbing as this. Most fraudsters using AI voice replicator tools have simply copied the “hi Mum” WhatsApp scam. The “hi Mum” scam is a common technique where cybercriminals pretend to be friends or relatives of a victim, often claiming to have …
In a significant ruling, the highest court in Britain has decided that the bank, Barclays, cannot be held liable for funds lost in a scam by its customer, Mrs Philipp. However, the court has allowed Mrs Philipp to proceed with an alternative case against Barclays, claiming that the bank failed to take adequate steps to …
In recent times, the combined efforts of telephone companies and Ofcom have resulted in a decline in the overall number of scams being reported annually. As per the latest statistics, there were 5,314 instances of text scams reported in the first four months of 2023. This figure is significantly lower compared to last year’s count …
With the aim of raising awareness about the risks of becoming a money mule, the banking trade body UK Finance and Cifas have collaborated to launch a campaign called “Don’t Be Fooled.” They have also developed lesson plans for schools, attracting over 16,000 primary (10-11) and secondary (11-14) students since May 2023. One compelling case …
In the United States, scammers have leveraged AI technology to manipulate and replicate people’s voices, deceiving their loved ones into believing they are in dire need of money. For instance, a mother in Arizona fell victim to a scammer who used generative AI to mimic her daughter’s voice over the phone, leading the mother to …
The use of text messages as a means of communication has been deemed “flawed” by experts, yet they continue to be widely used. This situation has led to concerns regarding fraudulent activities, which could easily be avoided if corporations refrained from using this broken medium altogether. Richard Emery, founder of fraud investigation firm 4Keys, has …
Has a company treated you unfairly? Our Consumer Champion is here to assist you. Click here to find out how to get in touch. Dear Katie, In May, my wife, two children, and I booked an Airbnb for a trip to London in July. We haven’t been to London in quite some time and thought it would …