Investment Association warns of 'heightened criminal activity' from coronavirus scammers

Jump in phishing and 'smishing' tactics reported

Mike Sheen
clock
Cyber criminals have been using 'aggressive' tactics to defraud vulnerable users, the IA said
Image:

Cyber criminals have been using 'aggressive' tactics to defraud vulnerable users, the IA said

Scammers are increasingly leveraging the coronavirus pandemic as a means of targeting savers and investors, with vulnerable consumers at the most risk, the Investment Association has warned.

The IA said this morning (29 April) it has seen growing examples of scammers using techniques such as phishing and "smishing", in addition to more extreme and "aggressive" tactics such as posing as...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Sheldon Mills, FCA executive director of consumers and competition

FCA gives three-month Consumer Duty extension for advisers

Deadline of 31 July 2023

Hemma Visavadia
clock 27 July 2022 • 5 min read
Image: The latest market news and analysis

Market Movers: Fed poised for another historic rate hike

Potential rate hike of 100 bps

clock 25 July 2022 • 1 min read
Industry Voice: Consumer Duty will drive cultural shift

Industry Voice: Consumer Duty will drive cultural shift

Royal London
clock 21 July 2022 • 5 min read