Aviva calls for government intervention to stop search engines promoting financial scams

Surge in Covid scams online during lockdown

clock • 2 min read
New research finds just over half of internet users do not believe financial services ads on search engines are legitimate.
Image:

New research finds just over half of internet users do not believe financial services ads on search engines are legitimate.

Aviva has called on the UK government to act now to stop the rise in the number of financial scams, as its research found two in five (42%) people have been targeted by a Covid scam.

The scale of fraud has accelerated through the coronavirus pandemic, which has resulted in a deluge of opportunities for fraudsters over the last year. Aviva's research found two in five (42%) people have been targeted by a Covid scam. This is a 91% increase over the last year in the number of people who reported receiving emails, texts, phone calls and other communications mentioning coronavirus, and which were suspected to be a financial scam, Aviva said in a statement announcing its findings. The findings come in The Aviva Fraud Report, which found consumer confidence in online ser...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Author spotlight

Gary Robinson

Commercial Director, Head of Video at International Investment.

More on Regulation

Index providers have become “increasingly influential”.

SEC considering treating index providers as investment advisers

No longer 'data providers'

Elliot Gulliver-Needham
clock 17 June 2022 • 1 min read
JB Beckett

JB Beckett: Competition and the future of financial services

Not such a 'British Bang'

JB Beckett
clock 16 June 2022 • 4 min read
MPs said that there will be opportunities to seek regulatory simplification while being mindful of continued compliance with global standards.

MPs warn government against weakening of financial regulation standards

Opportunities for simplification

clock 15 June 2022 • 2 min read
Trustpilot