Public warned to watch out for top coronavirus scams

30 Jul 2020

Fraudsters are exploiting people's financial concerns during the coronavirus (COVID-19) pandemic, UK Finance has warned.

The trade body highlighted some of the most common scams as it launched a campaign called Take Five to Stop Fraud. According to UK Finance, some scams manipulate innocent victims, urging people to invest and 'take advantage of the financial downturn'.

Others impersonate well-known subscription services to get people to part with their savings and personal information. Criminals are even posing as representatives from the NHS Test and Trace service to trick people into giving away their personal details.

Commenting on the scams, Katy Worobec, Managing Director of Economic Crime at UK Finance, said: 'During this pandemic we have seen criminals using sophisticated methods to callously exploit people's financial concerns, impersonating trusted organisations like the NHS or HMRC, to trick them into giving away their money or information.

'The banking and finance industry is tackling fraud on every front, investing millions in advanced technology to protect customers and working closely with the government and law enforcement to stop the criminal gangs responsible and neutralise the threat.'

More information on Take Five to Stop Fraud can be found here.

Contact us

Please get in touch with us today by phone, email or enquiry form to arrange your free initial consultation and see how we can help you and your business.

Get in touch »

Client Portal

We can provide you with an online reporting portal that gives you real-time information about your business wherever you are and whenever you need it.

Log in »

Our Newsletter

Why not register to receive our Monthly Newswire? Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.

Register »


IFA
ABTA
Quickbooks Intuit
Copyright

© 2020 Swenta. All rights reserved.

We use cookies on this website, you can find more information about cookies here.

Swenta is a limited liability company registered in England and Wales under no. 08343019.
Registered Address as shown.

Contact Us

Please call:
07584092952
02074341143

Addresses
Swenta, Suite 434, The Linen Hall, 162-168 Regent Street, London W1B 5TB
Swenta UAE, Suite 2207, Burlington Tower, Business Bay, Dubai, United Arab Emirates
Swenta Pakistan, Office No.1114, 11th Floor, ISE Tower, Jinnah Avenue, Blue Area, Islamabad, Pakistan