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Reports show that fraudsters are offering to sell victims a timeshare on a holiday property for an advance fee.
Action Fraud has received intelligence which suggests that fraudsters are setting up fake job adverts online in order to lure in unsuspecting jobseekers.
- Total of 2,065 people have reported being a victim of Binary Options fraud to Action Fraud since 2012.
- Victims have reported to have lost almost £60 million.
- The average person loses £22,811.
Our reports show that Binary Options fraud appears to be a growing problem. In just the first half of 2017, 697 people reported to have lost over £18 million.
Equifax, the credit rating agency, suffered a cyber breach in May 2017 and today they have confirmed that a file containing 15.2m UK records dating from between 2011 and 2016 was attacked in this incident.
Fraudsters are posing as officials from the Financial Conduct Authority (FCA) and are cold calling people stating that they are eligible for a Payment Protection Insurance (PPI) claim.