The coronavirus pandemic has meant we’ve spent more time online than ever before over the past year – and sadly scammers and criminals have found a way to exploit the situation.
Action Fraud data reveals total losses of more than £78 million in investment scams during 2020, with victims losing £45,2421 each on average. Meanwhile, the FCA has issued 632 specific warnings about investment scams already this year, more than double the number in the same period last year.
Unfortunately, criminals never miss a trick, so here Al Ward, Head of Customer Savings at Choices by Standard Life Aberdeen, shares some tips on what we can all do to ensure we’re keeping our personal information safe.
Be extra vigilant
UK regulators, including the Financial Conduct Authority (FCA) and the Money and Pensions Service, have told savers not to make any rash decisions in relation to their savings and investments. However, if you’re not sure what to look out for, it…