How the cyber scammers suck you in to steal your investments – This is Money

Pension cons are not the only way fraudsters can now steal your investments in an instant. 

The pandemic has seen a rise in sophisticated scams targeted at investors looking to make their money go further.

Industry body UK Finance says British savers lost £55.2 million to such scams in the first half of 2020 — more than twice as much as two years ago.

Industry body UK Finance says British savers lost £55.2m to sophisticated scams targeted at investors in the first half of 2020 - more than twice as much as two years ago

Industry body UK Finance says British savers lost £55.2m to sophisticated scams targeted at investors in the first half of 2020 – more than twice as much as two years ago

Barclays has seen investment scams rocket by 50 per cent in the first half of year. Meanwhile, UK Finance says the number of payments made by victims increased by a third compared with last year, prompting fears criminals may initially pay out returns to convince victims to pour in even greater sums.

Of course, investment scams are nothing new. But with more of us managing our money
Source…