{"id":20671,"date":"2022-06-05T12:08:50","date_gmt":"2022-06-05T12:08:50","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=20671"},"modified":"2022-06-16T12:14:22","modified_gmt":"2022-06-16T12:14:22","slug":"fraudsters-are-expected-to-wreak-havoc-on-vulnerable-customers-as-the-cost-of-living-crisis-continues-in-the-uk","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/fraudsters-are-expected-to-wreak-havoc-on-vulnerable-customers-as-the-cost-of-living-crisis-continues-in-the-uk\/","title":{"rendered":"Fraudsters Are Expected to Wreak havoc on Vulnerable Customers as the Cost of Living Crisis Continues in the UK"},"content":{"rendered":"
As the \u2018cost of living\u2019 crisis continues to take its toll on UK residents who are struggling financially, fraudsters will see this as the perfect opportunity to prey on vulnerable customers. This might be because criminals know that people who are struggling financially are often desperate and will be more likely to make rash decisions and fall for scam tactics.<\/p>\n
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Not only do consumers have to remain on high alert during these challenging times, but so do businesses too. Without access to tools such as a domain monitoring solution,<\/a> then organisations will struggle to find out if their brand name has been compromised, thus putting their customers at risk as they\u2019ll be more inclined to visit that website that they believe is a trusted brand when in reality it is not.<\/p>\n This is especially troublesome during the height of the existing cost of living crisis in the UK.<\/p>\n The high cost of living, stagnating wages, and rising inflation have left many people struggling to make ends meet. This makes them easy targets for scammers and con artists looking to take advantage of their situation, especially since the approximate cost of fraud surpassed \u00a3137bn in 2021. <\/a><\/p>\n Recently, there have been several reports in the media about people being scammed out of their life savings. Sometimes, people have lost their homes and everything they’ve worked for after falling victim to a scam.<\/p>\nThe cost-of-living crisis in the UK<\/strong><\/h2>\n