Investment scams getting more convincing, says Central Bank

Central-Bank-Of-Ireland News

Investment scams getting more convincing, says Central Bank
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No legitimate firm will contact consumers ‘out of the blue’, says deputy governor

“It’s an unfortunate fact of life that scammers are getting better and more convincing all the time,” said Central Bank deputy governor Derville Rowland Photograph: Nick Bradshaw

On Wednesday, the regulator launched a new campaign aimed at helping people avoid investment scams by taking “four practical steps” when considering buying a financial product or dealing with a firm through social media, unsolicited phone calls or texts.

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