'Ghost Brokers' Targeting 16 to 25 Year-Olds with Fake Car Insurance Online

UK finance regulator warns of 'ghost broker' scams targeting young drivers - 'Too good to be true'

Young drivers have been warned over a growing wave of "ghost broker" scams, with fraudsters selling fake car insurance policies through social media and messaging apps. Research from the UK regulator, Financial Conduct Authority, has suggested that almost half of drivers aged between 17 and 25 have bought insurance through social media platforms, despite the increasing risk of fraud. The scams involve criminals posing as legitimate insurance bro…

'Ghost brokers' targeting 16 to 25 year-olds with fake car insurance online

The finance watchdog warns bogus brokers are selling fake car insurance through social media.

Young drivers falling victim to ‘ghost broking’ car insurance scam on social media

A warning has been issued to motorists about ‘ghost brokers’ selling bogus insurance policies through social media and messaging platforms

The Market in Fake Insurance Policies on Social Media - A Checklist how To Spot the Fakes

There is a growing market in fake insurance policies being sold through social media, and the evidence is now very clear about who the main targets are and how the scams work.   The FCA, Insurance Fraud Bureau, Aviva, and multiple UK news outlets all confirm a sharp rise in what’s known as “ghost broking” — criminals selling bogus car‑insurance policies via Instagram, Snapchat, TikTok, Facebook, WhatsApp and Telegram.

Ghost broking on the rise, warns FCA

The Financial Conduct Authority has reporting rising ghost broking instances and warned against the risks of buying car insurance through social media. Its research has revealed that half of drivers […] The post Ghost broking on the rise, warns FCA first appeared on Bodyshop Magazine.

Insurance Fraud Rises As Young People Use Social Media To Find Brokers

Buying insurance through Instagram messages and WhatsApp chats has become the new norm for many younger drivers in the UK and we’re living in a time where social media is now being used for a lot more than just shopping for your everyday products. The Financial Conduct Authority shared a press release which found that 49% of drivers aged 17 to 25 had bought insurance through social media or messaging apps. The FCA survey, conducted by Kantar als…