Christmas Parcel Scam Alert Issued As Fake Texts Received – “We’re Witnessing a Scam” | Personal Finances | Finance
Christmas is only two days away, but despite its proximity, scammers are still looking to take advantage of the British where possible. Proofpoint urged buyers to beware of fake messages as cybercriminals send fraudulent messages regarding package deliveries.
“With a swipe of the phone, typing pressure, mouse movements or device angles, users can be recognized personally with 99.999% accuracy. By removing reliance on SMS messages as a means of identifying customers, retailers are removing a significant security vulnerability. in an email format that was never designed for security, and eliminate a risk to their reputation that they cannot control (in the form of fraudulent text messages).
“The public will be able to access services quickly, easily and securely, and will be safe knowing that they will face further checks if something goes wrong. It’s time to stop blaming the customer and start protecting them instead. “
Additional research from Saltus has also shown that those with the most to lose are the most likely to fall victim to scams. According to the results of the Saltus Wealth Index, half of wealthy people (HNWI) admitted to being victims of a financial scam, reaching almost two-thirds of those with assets over £ 2million.
When asked if they had ever been the victim of a financial scam, 49% of all respondents said yes, with wealthier respondents more likely to have said they had been targeted.
Among those with assets between £ 250,000 and half a million, just over a third (36%) said they had been victims of financial crimes, and this figure steadily increased with wealth, up to 41% for those with assets between £ 1million and £ 1million and over half (53%) for those with between £ 1million and £ 2million .
However, the level of reported crime is even higher among those with the largest assets, rising to 66% of those with assets between £ 2-3million, and 65% – for those with £ 3million. pounds or more.
Research also found that women are slightly more likely than men to say they have been the victim of a financial scam. Among the women surveyed, 52 percent said yes compared to 48 percent of the men.
Generations approaching retirement may also be at greater risk. People aged 35-44 were the most likely to report being targeted – 57% said they had, compared with 48% of millennials, 51% of 25-34, 31% of 55-64 and just 18% over 65s.
Mike Stimpson, Partner at Saltus, commented, “We all know that professional advice can help you reach your financial goals, but one of the lesser-known – but hugely important – benefits of having a financial advisor is that it can also help protect you from becoming a victim of financial crimes.
“We can see that people aged 35 to 44 are the most likely to have reported being scammed. While this study focuses on reported crime and therefore we cannot conclude with certainty that this age group is actively targeted by criminals, logic suggests that those who start to think about what they might do when ‘they will be able to access their pension (at age 55) could be more at risk because fraudsters see an opportunity to defraud people from their pension fund. “
He added, “As a general rule, it’s best to ignore – or ideally, report – any unsolicited contact because a true financial advisor wouldn’t cold call about a specific investment opportunity. Any unconventional commission arrangement should also raise a red flag.
“Having a long-term relationship with a financial advisor can give you real peace of mind, not only that they make your money work for you, but also that they support you when it comes to protecting your wealth. .
“Financial advisers know the markets, they know when something is too good to be true and they have your best interests at heart and, at the end of the day, that means they are your best line of defense against financial scams. . “