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Stock impact report

Scams To Beware In 2025 [Forbes]

Lloyds Banking Group Plc American Depositary Shares (LYG) 
US:NYSE Investor Relations: lloydsbankinggroup.com/investors
Company Research Source: Forbes
Reviewed By Reviewed By Published: Apr 15, 2025, 4:27pm Criminals stole £1.17 billion through unauthorised and authorised fraud in 2023, according to trade body UK Finance. Even if that's a 4% decrease compared to 2022, it's still a huge amount, and represents suffering and turmoil for millions of people. UKF says banks prevented a further £1.25 billion of unauthorised fraud through advanced security systems. While anyone can fall victim to fraud, scammers often take aim at the financially vulnerable, targeting them with schemes that run the gamut from fake ‘investment opportunities' to fraudulent tickets and parcel delivery scams. We've rounded up some common scams to watch out for in 2024 and beyond. Pro Tip On 7 October 2024 the Payments System Regulator (PRS) introduced new rules around APP scams, which include minimum protection for consumers of up to £85,000 and reimbursement times of no more than five days from making a claim. The rules apply to all payment firms Show less Read more
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