‘Clone Firm’ Fraudsters Stealing Millions From UK Investors

This Data Breach alert was published at 29.01.2021 09.26 on Data Breach Today.

NCA Warns Investors of Rise in Clone Sites During COVID-19 Pandemic
Britain’s National Crime Agency and its Financial Conduct Authority warn that the number of “clone firm” scams has significantly increased during the COVID-19 pandemic. Over a six-month period, these fraudulent schemes have led to more than 78 million pounds ($107 million) in losses for victims.

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