The UK Financial Conduct Authority has issued a warning that screen sharing scams are increasing with 86% rise during the past year.
The regulator estimates that £25 million were lost between 1 January 2021 and 31 March 2022 with half of investors failing to catch the signs of the screen sharing scam.
In one such case a woman lost £48,000 to scammers who persuaded her to download a remote desktop software to secure an investment. The fraudsters used the software to access her banking details, her pension, and applied for loans on her behalf.
In other cases, investors clicked on bitcoin ad and received a call from individuals claiming to be financial advisers.
The “Share my screen” scam
According to the FCA, the scammers are targeting people between the age of 18 and 70. The regulator explained that the scammers gain control of the victim’s computer with screen-sharing software in order to steal information or access the financial accounts. The potential victims are usually contacted “out of the blue” via social media or even calls.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.