• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Hands exchanging cash across a table, illustrating potential social media investment fraud. - Supply Chain News

Surge in Social Media-Driven Investment Fraud Among Young Professionals

10/10/2022
Woman examining a jar of pasta sauce in a grocery store aisle, impacted by ending tariff exemptions. - Supply Chain News

How US Shoppers Will Be Affected as Tariff Exemption Ends

08/29/2025
Canada Faces Challenges in Securing Full Tariff Relief Despite Concessions

Canada Faces Challenges in Securing Full Tariff Relief Despite Concessions

08/29/2025
Tariffs on Small-Value Packages Go Into Effect as Exemption Ends

Tariffs on Small-Value Packages Go Into Effect as Exemption Ends

08/29/2025
Trump Tariffs: Global Parcel Shipments to US Lose Exemption

Trump Tariffs: Global Parcel Shipments to US Lose Exemption

08/29/2025
Global network connections over a city skyline, illustrating economic interdependence. - Supply Chain News

India Faces Economic Strain as US Imposes 50% Tariffs

08/29/2025
Connecting Trade Worldwide UAE

Unlock Global Trade Opportunities at CTW Global 2025!

08/29/2025
America Property Expo (APEX) 2025

Unlock the Future of U.S. Real Estate at America Property Expo 2025!

08/29/2025
International Trade Council and UK Asia Trade & Investment Council Sign Strategic Partnership to Strengthen Global Trade Links

International Trade Council and UK Asia Trade & Investment Council Sign Strategic Partnership to Strengthen Global Trade Links

08/29/2025
US Democrats Criticize Trump Administration Over India Tariffs

US Democrats Criticize Trump Administration Over India Tariffs

08/28/2025
US Tariff Increase on Indian Imports Sparks Trade Concerns

US Tariff Increase on Indian Imports Sparks Trade Concerns

08/28/2025
Indian Exports Face Setback as US Tariffs Double

Indian Exports Face Setback as US Tariffs Double

08/28/2025
High US Tariffs Push Brazil, India and Others Toward Market Diversification

High US Tariffs Push Brazil, India and Others Toward Market Diversification

08/28/2025
supplychainreport
Saturday, August 30, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Surge in Social Media-Driven Investment Fraud Among Young Professionals

by Richie
10/10/2022
in Fraud & Scams, Security & Risk

YOU MAY ALSO LIKE

Merchant International Systems Ltd Nominated for 2025 Go Global Awards in London

Merchant International Systems Limited Recognized for Excellence in Safety and Technology Solutions

Investment fraud is on the rise, particularly among young professionals who have been lured by ‘get rich quick’ schemes, leading to a substantial loss of over £890 million last year. The increase in fraudulent investment activities has been linked to the pervasive use of social media as a tool for criminals to disseminate bogus opportunities.

The National Fraud Intelligence Bureau reported a 49.5% rise in losses to investment fraud in the 2021/22 financial year, with an average loss of £34,043.41 per victim. According to Detective Chief Inspector Suzanne Ferris from the City of London Police, the prevalent economic challenges may increase the susceptibility of individuals to such fraud as they seek rapid financial solutions.

Young adults, aged between 20 to 39, are particularly at risk, comprising 39% of all victims. Fraudulent schemes are often promoted by influencers with large social followings, using endorsements to attract victims. These scams typically involve unauthorized push payments on counterfeit websites or the extraction of personal data through social engineering.

Cryptocurrency investments, especially in Bitcoin, have also seen a rise, often tied to these investment scams. To combat this, individuals are encouraged to research thoroughly before investing and to be wary of high-pressure tactics that demand immediate decisions. Other protective measures include verifying the legitimacy of investment offers, being cautious of requests to convert funds into cryptocurrency, and cross-referencing investment businesses with the Financial Conduct Authority’s authorized list.

The City of London Police, NFIB, and Action Fraud advocate for the public to adhere to the “Take Five to Stop Fraud” advice: Stop, Challenge, and Protect. They also advise immediately contacting banks and reporting to Action Fraud if one suspects being a victim of such scams.

In light of these concerns, the City of London Police is spearheading a national campaign to increase awareness of investment fraud and to help individuals recognize and prevent potential risks.

Your go-to for supply chain report news updates: The Supply Chain Report. For international trade tools, see ADAMftd.com.

#InvestmentFraud #CryptoScams #SocialMediaFraud #FinancialSecurity #FraudAwareness #ProtectYourMoney #FraudPrevention #ScamAlert #FinancialScams #CityOfLondonPolice #NFIB #ActionFraud #TakeFiveToStopFraud #InvestmentRisk #CryptoAwareness #ScamPrevention #FinancialEducation #StopFraud #YoungInvestors #ProtectYourInvestments

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.