The Financial Conduct Authority (FCA) has started using data to tackle online fraud faster.
It aims to scan approximately 100,000 websites created every day to identify those that appear to be scams.
Between May 2021 and April 2022, the FCA added 1,966 possible scams to its consumer warning list, over a third more than during the same period a year earlier.
The action comes as part of the FCA’s data strategy, demonstrating the progress it has made using data to identify...
Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@thewealthnet.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAM
