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Fraudulent investments are being advertised on social media and Action Fraud, the reporting watchdog, says a shocking £3,168,464 was lost to scammers between October 2018 and February 2019. On average, each victim lost a total of £8,900 per person.

Action Fraud want to warn the public about investments being used on social media, especially Instagram. They say young people, aged between 20 and 30 are most likely to be targeted and fall victim. Fraudsters are advertising ‘Get Rich Quick’ investment schemes, promising a high return within 24 hours. They have been asking victims for a initial £600 investment, which they … Read more

Victims are being tricked into revealing Two Factor Authentication (2FA) codes and extorted for money with the threat of having their personal photos shared publicly if they don’t pay up.

Action Fraud has received multiple reports about Snapchat and Instagram accounts being endangered as a result of users being tricked into handing over 2FA codes to fraudsters. The victims are then extorted for money with the threat of having their personal photos shared publicly.

Action Fraud are telling users to not respond to messages that ask for your login details or two-factor authentication (2FA) codes. These can be used to … Read more