FCA engages with social media platforms to protect 'unconventional' investors

In light of this development the threat landscape for consumers has shifted, Rusu said. Fraudsters and scammers are benefitting from new technologies, she added during a speech at the CDO Exchange for Financial Services. "Cryptocurrencies are a great example. Although crypto provides a potential area of benefit for firms in terms of improving efficiencies and driving down costs - it also provides a serious potential for exploitation and harm", Rusu explained. She highlighted that new kinds of consumers are being drawn to these markets for reasons that are not always conventional or ra...