Half of FCA scam warnings are impersonations of real brands: research

Quilter has released new analysis of the FCA's warning list which shows that 401 impersonation scams have been reported by the FCA this year, and scams involving an impersonation constitute 45% of all FCA warnings issued since 2015. So far in 2020, the FCA has issued 1,031 general scam warnings involving individual attempts to defraud consumers. This is already an 80% increase on the amount of warnings in 2019, and a staggering 301% increase on the amount of warnings published in 2015.  Of these, 401 were scams involving a ‘clone' of a legitimate financial services firm. This is where...