Bank of Ireland has sent letters to over one million customers to alert them about the increasing risks of investment fraud. Recent research shows that 94% of the population has encountered fraudulent texts, emails, or phone calls in the past year. The bank highlights a 77% surge in reported investment fraud cases across the country in 2023. Criminals are imitating legitimate investment companies through fake websites and brochures, making it difficult for customers to distinguish between genuine and fraudulent offers.
Bank of Ireland has written to over one million personal and business customers to warn them of the risks of investment fraud.
The bank said investment fraud is on the rise, with a 77% jump in cases reported across the country in 2023. "Criminals impersonate legitimate investment companies by copying their websites and brochures," the bank explained. The bank issued the following advice to its customers, warning of the red flags associated with investment fraud, and the steps people can take to safeguard their finances against fraud attempts.Follow-up calls: You receive a call having clicked on an ad for an investment product on social media or in a sponsored search result.Pressure: They advise you must act quickly to take advantage of an"opportunity of a lifetime".
Bank Of Ireland Investment Fraud Risks Customers Research Fraudulent Texts Emails Phone Calls Cases Criminals Legitimate Companies Fake Websites Brochures Offers
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