The City of London Police has issued a stark warning about the perils of \u2018get rich quick\u2019 scams following a 50% rise in investment fraud on the last year. <\/p>\n\n\n\n
Figures show that \u00a3891mn was lost to scammers in the 2021\/22 financial year, nearly double the \u00a3596mn lost the year before. According to the National Fraud Intelligence Bureau, there were over 26,000 reports of investment fraud in that period, meaning an average loss of \u00a334,000 for each case. <\/p>\n\n\n\n
The most common fraud is falling victim to an advertising scam on social media. After clicking on a fraudulent ad personal banking details are obtained by the scammers. <\/p>\n\n\n\n
It is important that everyone is able to spot the warning signs of a potential scam to help protect both individuals and businesses. <\/p>\n\n\n\n
\u27a2 Beware of an unsolicited approach by phone call, text, or email \u2013 some scammers will even come to your door to try and sell a fraudulent investment. <\/p>\n\n\n\n
\u27a2 Be cautious of anyone pressuring you into making a quick decision. <\/p>\n\n\n\n
\u27a2 If you are being offered a high return on your investment, but are told it is low risk, this is also a scam red flag. <\/p>\n\n\n\n
For further guidance on managing cyber threats, please contact the NEBRC at <\/strong>enquiries@nebrcentre.co.uk<\/strong><\/a><\/strong><\/p>\n\n\n\n