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Gareth Shaw, Head of Money at Which? said: “Pension scams are becoming increasingly sophisticated and can have devastating consequences, leaving savers at risk of seeing their entire retirement income disappearing in an instant. “It’s right that the government is looking to set more stringent expectations on pension schemes to detect potential scams and to act […]
Rocio Concha, Director of Policy and Advocacy at Which?, said: “It’s good to see Amazon taking action to block fraudulent listings and seize counterfeit products, but it’s vitally important for all online marketplaces to have greater legal responsibility to prevent, identify and remove fake and fraudulent content on their sites. “The government should make sure […]
Which? is calling for Google to take stronger measures to tackle scam ads, after finding fake ads for debt charities, car insurers and investment firms are regularly appearing on the tech giant’s search results. The consumer champion investigated Google’s pay-per-click service, which allows businesses to pay for prominent spots on search results, and found scammers […]
Gareth Shaw, Head of Money at Which?, said: “Fraudsters are quickly adapting to changes in our shopping habits as they find new and sophisticated ways to take advantage of people. “While the industry’s voluntary code offers greater protections against transfer fraud, the next government must make this mandatory to ensure all payment providers are signed […]
Gareth Shaw, Which? money expert said: “Sophisticated fraudsters are constantly finding new tactics to persuade us to part with money, one way is through fake or non-existent goods or services. “If consumers pay for these phantom goods using a bank transfer, there is little chance of getting their cash back from the banks involved. We […]
Gareth Shaw, Which? money expert, said: “Although the banking industry has started to raise awareness of fraud, banks are still placing too much responsibility on consumers to spot and protect themselves from sophisticated online scams. “We’ve heard from many people who have lost life-changing amounts of money through bank transfer fraud, but who have seen little […]
The capitals of dating fraud, computer repair scams and a host of other frauds are revealed today in exclusive analysis by the consumer champion Which?. It comes as Which?’s analysis reveals that reported fraud in the UK has risen by more than 10% in one year (2015-16), with 264,204 frauds reported in 2016. Under the […]
Vickie Sheriff, Which? Director of Campaigns and Communications, said: “We welcome the PSR’s commitment to tackling the significant consumer harm caused by bank transfer fraud, following our super-complaint. “Banks need to do more to protect their customers, yet they currently have little incentive to put in place better safeguards and have failed to do so despite seeing customers losing life changing sums […]
Today Which? is making the first super-complaint to the financial regulators calling on them to ensure banks better protect customers who are tricked into transferring money to a fraudster. UK consumers now make over 70 million bank transfers a month, compared to just over 100 million in a whole year a decade ago. However protections […]
Alex Neill, Which? Director of Policy and Campaigns, said: “For the first time, the shocking scale of people hit by cyber crime and fraud has been revealed. With cyber crime becoming increasingly sophisticated, even the savviest people can be scammed so it’s vital that businesses up their game in the fight against fraud. “The new […]