Major Warning to Billions of WhatsApp Users over Worrying 'Cloning' Tool

Major warning to billions of WhatsApp users over worrying 'cloning' tool

AN URGENT warning has gone out to WhatsApp users after news broke of a scam which could cost users thousands of pounds. The sinister scheme sees hackers “cloning” leading investment firms in order to take their victims’ cash.  GettyMillions of WhatsApp users have been warned about a chilling scam[/caption] The Investment Association found that there was a 57 per cent surge in cloning scams during the second half of 2024.  Often, the scam begins …

WhatsApp scam warning as fraudsters steal £2.7m using AI to mimic investment firms and drain accounts

Consumers are being urged to stay vigilant after a sharp rise in WhatsApp-based investment scams cost victims £2.7 million in just six months.A report from the Investment Association revealed a 57 per cent surge in “cloning scams” during the second half of 2024. These scams involve fraudsters setting up fake WhatsApp groups, emails, or websites that closely resemble legitimate investment firms, tricking victims into transferring their money.Near…