Recent research into financial scams in Britain has listed ploys involving investments as common approach.
The survey uncovered that overall, almost three quarters of the country have been the targets of scams in the last year, with nearly one fifth of respondents replying to a malicious message believing it was from a trusted source.
The report highlighted investment scams as being among the attack vectors used by criminals. Typical examples include scam artists attempting to encourage UK savers to invest their hard-earned money in pyramid schemes, fake opportunities and get rich quick investment vehicles. A clear indication of such schemes is when criminals claim that there is zero risk and a guaranteed return, as no such investment exists.
Many scam artists will impersonate established companies like banks and building societies to appear legitimate, and are even known to masquerade as government departments like Her Majesty’s Revenue & Customs (HMRC).
The report warned Britons to be wary when purchasing from online marketplaces and social media, or paying into an investment online. It stressed that research was critical, and that if any deal appeared too good to pass up, it was likely a scam. The survey reported that 61 per cent of respondents found that they faced more scams online than in person.
Companies that provide services for wealth management in Chester, Liverpool and other cities also provide financial protection. Ready to pass an impartial eye over financial opportunities, they can be relied upon to spot a scam.
