Impersonation Scams Up 84% During COVID-19, Data Shows

Law360, London (September 16, 2020, 3:46 PM BST) -- Financial fraudsters pretending to be representatives of trusted organizations such as banks or the police have skyrocketed 84% in the first half of 2020, according to an industry survey.

Industry trade group UK Finance said Tuesday that its new data shows that almost 15,000 of these so-called impersonation scams were reported between January and June of 2020, which is an increase of 84% on the same six-month period in 2019.

Unwitting consumers lost £58 million ($75 million) to these scans, U.K. Finance said, adding that scammers are taking advantage of the global uncertainty surrounding the COVID-19 crisis.

"Criminal gangs are ruthlessly...

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