Tag: Fraud
Over half of users who follow financial advice on social media lose money, TSB claims
New research from TSB reveals that over half (55%) of individuals who acted on financial advice found on social media platforms subsequently lost money. Based on a survey of nearly […]
AI-generated music fuelling fraudulent streams on Deezer
A new report from French streaming platform Deezer indicates that a staggering 70% of streams of AI-generated music on its platform are fraudulent. While AI-made music currently accounts for a […]
Fraud now constitutes 40% of UK crime, soaring identity theft fuel surge
Shocking new data reveals that fraud now accounts for a staggering 40% of all crime in England and Wales, with experts identifying card identity theft as the fastest-growing threat. A […]
QR codes being hijacked for subscription traps and scams
Have you spotted a recurring payment to a company you’ve never heard of? You’re not alone, as subscription traps – often linked to dodgy QR codes – are one of […]
1 in 3 have experienced a scam on second-hand marketplaces in last 2 years, Which? warns
A third of buyers have experienced a scam on popular second-hand marketplaces in the last two years, Which? warns. A Which? survey of more than 1,000 second-hand marketplace buyers and 1,000 second-hand […]
5 online scams – and how to avoid them
Research shows that almost three in four UK adults have fallen victim to scams¹. With crime rates rising alongside the cost of living crisis², the experts at Independent Advisor VPN […]
Scammers profited over $658 million from social media users in H1 2023
According to data presented by the Atlas VPN team, social media scams earned fraudsters an astounding $658M just in H1 2023, exponentially higher than any other contact method. Compared to 2022, total reported fraud losses increased by […]
New figures reveal worst UK regions for fraud, as phone thefts rise 31%
Fraud cases in Scotland have increased by two-thirds in the last year, according to new research by AI and analytics leader, SAS. Phone thefts across the UK have also jumped […]
AI-enabled financial fraud detection spend to exceed $10 Billion by 2027
A new study from Juniper Research has found global business spend on AI-enabled financial fraud detection and prevention strategy platforms will exceed $10 billion globally in 2027; rising from just over $6.5 […]
Having money stolen biggest fear of online scams, claims report
People are increasingly worried about the financial risks of online scams as the cost of living crisis grows, according to a new social media poll run by cloud security company […]
