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Impersonation scams more than doubled in first half of 2021

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Impersonation scam cases more than doubled in the first half of 2021 to 33,115, a finance industry trade association has said.

This led to criminals stealing £129.4 million through this type of fraud alone, according to UK Finance.

In the same period last year, there were 14,947 impersonation scam cases which led to £57.9 million being stolen.

UK Finance raised the alarm at the start of Take Five Week (September 13 to 17).

The campaign urges people to stop to think, challenge requests from people, and protect themselves, for example by telling their bank and the police immediately, when asked for their information or money.

Impersonation scams involve criminals posing as a trusted organisation such as a bank, the police, a Government department or a service provider.

They trick their victim into transferring money using a range of cover stories. These include claiming they need to protect an account from fraud, that a fine or tax needs to be paid, or that…

Click here for full article…uk.finance.yahoo.com