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Fraudsters cash in on Covid lockdown

Here at Three Counties Payroll we were disturbed, though not surprised, to hear that fraudsters have exploited the UK’s uncertainty during the pandemic with a flood of scams.

Involving anything from travel, investments and social media, the number of scams leapt 66 per cent in the first six months of this year, according to Barclays.

And it seems the ruthless schemes show no signs of slowing down as the figure rose by a further five per cent in July compared to June.

Barclays said scams relating to investments went up by 49 per cent in July – the highest level it has ever reported – and there has been an increase in campervan scams, particularly on online marketplace sites.

The increased number of people online during lockdown to keep in touch with their family and friends have been targeted in social media related scams and cryptocurrency fraud is also increasing.

We echo Barclays’ concerns about the situation and are urging our customers to stay vigilant as the nation continues to move out of lockdown.
The phrase: “If something seems to be too good to be true, it usually is” may be well-worn but it certainly will never go out of style while there are fraudsters intent on separating us from our hard-earned cash.

Our advice is simple: If you are ever in doubt about an unsolicited offer or opportunity, take all the time you to check it out or get a second opinion from someone you trust – like The Three Counties Payroll Team.

You should never feel threatened or pressurised into making an instant decision and should always check if the website you are dealing with is genuine or a cloned page.

The Financial Conduct Authority has a register that consumers can use to see whether the company that has contacted them is authorised to provide regulated financial services. Visit https://register.fca.org.uk/s/