The Scourge on Society
Martin Lewis, the money-saving guru, has issued an urgent warning to all Brits with bank accounts about the dangers of scam ads. Lewis took to social media to raise awareness and urged people to be cautious. He emphasized the devastating effects of falling victim to fraud, including financial ruin, low self-esteem, and mental health issues. Lewis himself has been targeted by scammers, making him the most scammed face in the UK.
Online Fraud Epidemic
A recent campaign supported by the Money Saving Expert (MSE) highlighted the prevalence of online fraud, with nine in ten Brits falling victim to scams. Almost half of all adults have engaged with online scams, often through dodgy ads that request bank account details. As part of a new online safety law, campaigners have fought to include protections for consumers against these scams.
New Online Safety Law
The long-awaited Online Safety Bill has finally become law after years of debate in Parliament. Under the new legislation, online platforms are required to prevent and remove harmful content. However, Martin Lewis believes that more needs to be done, including the establishment of an anti-fraud police force to tackle scammers.
Positive Response
Thousands of people have viewed and liked Lewis' post, showing the widespread concern about scam ads. Many users commented, expressing the need for more education, especially for vulnerable individuals, and expressing their distrust of ads on platforms like Twitter and Facebook.
Money-Saving Tips for Christmas
In other news, Martin Lewis' Money Saving Expert has advised Sainsbury's shoppers to act now to receive up to £25 in free cash for Christmas. The experts shared their top tips in this week's newsletter, outlining five schemes that are currently open to help consumers save money.
Did you miss our previous article…
https://hellofaread.com/money/beloved-homeware-store-announces-closure-leaving-shoppers-heartbroken/