From: RegTech Analyst
As the Covid-19 crisis continues, not even the UK’s financial markets watchdog has been immune to the growing number scams sweeping across the world in the wake of the pandemic.
The Financial Conduct Authority (FCA has issued a statement to warn the public about a fake site pretending to be the regulator.
“We are aware that there has been an attempt to reproduce our Financial Services Register on a non-FCA website,” the FCA said in the statement. “We are currently working to get the page taken down and have alerted members of the public through our website and social media channels. The domain that is not official is www.register-fca.org.”
With the news, the FCA joins a list of public bodies, such as the World Health Organization, that have warned about scams either pretending to be the organisation or faking association with it.
Ever since the health crisis began, the news have been absolutely overflowing with stories about the increasing risk of hack attacks brought on by Covid-19. Cyber criminals have upped their digital assaults. Bodies like the FBI and the European Central Bank (ECB) have all warned that the pandemic has seemingly made bad actors more bullish with the result that they have launched more and more cyber attacks.
That being said, for RegTech companies specialising in cybersecurity, this could present them with an opportunity to showcase their skills, which is something we wrote about at length earlier this week.
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