UK’s FCA Will Make Daily Sweeps To Catch Online Scammers

Share post:

The UK’s Financial Conduct Authority, known as the FCA, will now carry out daily internet checkups with up-to-date alerts as the commission tries to keep pace with the ever-growing rise in financial fraud.

This is due to the results after the pandemic, which exposed many people to various fraud platforms online.

The FCA will also pay tech giant Google to publish the regulator’s warnings.

While last year FCA issued 1,200 warnings from consumers about scams advertised on social media platforms by fake companies that are not subject to the commission, it is believed that faster warnings will help reduce the number of victims.

For more information, read the original story in Reuters.

SUBSCRIBE NOW

Related articles

FBI rapidly hacks into Trump shooter’s phone, raises privacy concerns

Just two days after the attempted assassination at a Trump rally, the FBI announced it had gained access...

Disney investigating a potential major leak of internal communications

Disney is investigating a significant data breach by the hacking group Nullbulge, which claims to have accessed and...

Kaspersky to shut down its US business due to sanctions

Russian cybersecurity firm Kaspersky Lab announced it will cease its U.S. operations starting July 20, following sanctions from...

Google’s Gemini AI caught scanning private Google Drive documents without permission

Google's Gemini AI has come under fire for scanning private PDF documents in Google Drive without user consent....

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways