Libby Holding: Are impersonation scams an age-old problem or the new normal?

'Not a new problem'

clock • 4 min read

With online fraud at an all-time high, writes Libby Holding, everyone needs to aware of impersonation scams

Over the past few years, with a rise in the use of technology for things like online shopping and banking, cybercrime has rapidly increased. This year, however, online fraud is at an all-time high. The coronavirus pandemic has seen many people of all ages increase their use of technology due to the lockdown restrictions imposed, and there are criminals who have taken the opportunity to exploit people who are even more vulnerable than normal in the current circumstances. UK Finance, a banking sector trade body, released figures showing that, in the first half of 2020, more than 15,000 ...

To continue reading this article...

Join Professional Adviser for free

  • 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

SFO to secure further £491,000 from overseas investment fraudster

SFO to secure further £491,000 from overseas investment fraudster

Targeted British expats in Jakarta

Jen Frost
clock 22 June 2026 • 1 min read
Lords warns financial services bill could weaken regulators' accountability

Lords warns financial services bill could weaken regulators' accountability

Open letter to investment minister

Michael Nelson
clock 19 June 2026 • 2 min read
Designing bereavement around people, not paperwork: Surviving the FCA review

Designing bereavement around people, not paperwork: Surviving the FCA review

Only 47% of bereaved families feel adequately supported by financial firms

Lisa Lund
clock 18 June 2026 • 6 min read