Brits are being warned not to fall for scams in which criminals use fake celebrity endorsements to promote investments.
The National Cyber Security Centre (NCSC) said it has removed over 30,000 malicious links in just four months.
Emails and advertisements encourage people to visit these websites, which host fake news articles about “get rich quick” schemes featuring fraudulent celebrity endorsements. They are asked to click on a link to “invest”, but the money is really being sent to cyber criminals, NCSC explained.
Some of these spoof articles have contained “endorsements” from the likes of Brit singer Ed Sheeran, Virgin boss Richard Branson, and The Money Expert’s Martin Lewis.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="READ MORE: Level of cryptocurrency scams ‘unprecedented in modern markets’” data-reactid=”27″>READ MORE: Level of cryptocurrency scams ‘unprecedented in modern markets’
“We have dealt with hundreds of instances of fake sites and fraudsters impersonating me or my team online. We are working in partnership with organisations such as NCSC to report these sites and do all we can to get them taken down as quickly as possible,” said Branson.
“Sadly, the scams are not going to disappear overnight, and I would urge everyone to be vigilant and always check for official website addresses and verified social media accounts.”
NCSC said it is taking “unprecedented action” to remove these scams, which are on the rise, from the internet as part of its Active Cyber Defence programme. Cyber criminal activity cost the UK £197m in 2018 alone, it added.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Members are encouraged to report anything they find dubious to NCSC’s Suspicious Email Reporting Service (SERS). Many of the scams have already been detected this way, with Brits filing over 1.8 million reports to the SWERS since its launch in April, resulting in more than 16,800 malicious links being blocked or removed from the internet.” data-reactid=”31″>Members are encouraged to report anything they find dubious to NCSC’s Suspicious Email Reporting Service (SERS). Many of the scams have already been detected this way, with Brits filing over 1.8 million reports to the SWERS since its launch in April, resulting in more than 16,800 malicious links being blocked or removed from the internet.
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To use the service, simply forward “suspect” emails to email@example.com, and any malicious links contain therein will be taken down or blocked, NCSC said.
Commander Clinton Blackburn, from the City of London Police, said: “These figures provide a stark warning that people need to be wary of fake investments on online platforms. Celebrity endorsements are just one way criminals can promote bogus schemes online. People should not be fooled by images of luxury items such as expensive watches and cars, and posts on social media showing extravagant lifestyles, which are often used to persuade you to invest.
“To those of you who might be tempted, remember not every investment opportunity is genuine. Criminals will do all they can to make their scams appear legitimate. It is vital you do your research and carry out the necessary checks to ensure that an investment you are considering is legitimate.
“If you think you have been the victim of a fraud, make sure you report it to Action Fraud.”
Why Canada Continues to Attract Real Estate Investors
Real estate experts, foreign investors, and Canada’s citizens unanimously agree that Canada has everything it takes to create better living opportunities and, therefore, become one of the most sought-after destinations globally. Besides, real estate in Canada is competitively priced, vast, and has a reasonable appreciation rate. The hassle-free legal system in Canada is another reason why foreign investors flock to Canada. A comparative study of real estate in the UK, US, Spain, or France will help you realize that Canadian real estate is not very expensive. You will find cheaper land in Canada and a myriad of real estate options to invest in.
As the Canadian economy strengthens, more people are expected to migrate to this country, leading to a rise in demand for properties. According to real estate experts, this growing demand will boost the property values radically in years to come. In contrast to the high standard of living, Canada’s cost is lower than in many other countries. In Canada, foreign investors can buy cold properties that they probably couldn’t have afforded in their own countries. The most significant advantage is that you don’t have to be a resident of Canada to purchase property in the country. This puts foreign investors in an enviable position to invest in a higher quality purchase in Canada than their homelands. Owing to the abundant land available, overcrowding will never be an issue in this incredibly beautiful country. Besides, Canada has a diverse property portfolio that can please even the most fastidious buyer.
The best part of being a foreign investor is that you virtually get to enjoy almost all the privileges and benefits as any other citizen and yet, not go through the painful ordeal of applying for immigration acceptance. Thus, as a foreign investor, you can open a bank account in the country and have your land and car. Alternatively, you can make Canada your new home by permanently settling in this country like millions of Europeans who have already decided here. This explains why Canada is the third most popular emigration destination. The ever-increasing popularity of Canada will continue to attract more people in the future. This popularity of Canada among expatriates ensures a steady supply of money in the property market.
A quick look at the figures mentioned below will throw light on the Canadian property market’s past performance. Listed below are the rising prices of a single-family home in Vancouver:
- 1961 – CAD $13,500
- 1974 – CAD $48,000
- 1982 – CAD $120,000
- 2007 – CAD $475,000
Canada provides excellent rental opportunities for real estate investors. Thus, if you purchase apartments and townhouses in some of the hottest areas in Canada, you can enjoy a steady income and cash flow in the form of rent. This allows you to enjoy capital appreciation and build equity in the long run. No matter what the reason may be for your investment, Canada has an effortless buying procedure, and you can close a property deal in a short time.
Rogers sweetens offer for Cogeco with $3B Quebec investment pledge – BNN
Rogers Communications Inc. said Friday it will invest up to $3 billion in Quebec if the telecom giant is successful in acquiring rival Cogeco’s Canadian assets.
The Toronto-based company unveiled a series of measures aimed at sweetening a deal to buy Cogeco’s internet and cable television business after getting rebuffed by the company’s largest shareholder earlier this month.
Rogers and Altice USA Inc. delivered an unsolicited proposal to buy Cogeco, with the U.S. company offering $10.3 billion for the company and would then sell the Canadian assets to Rogers for a cash consideration of $3.4 billion.
“Rogers is deeply committed to the future of innovation and the knowledge economy in Quebec. We would be honoured to help enhance the customer experience and bring new investments including 5G that will fundamentally reshape the economic landscape of Quebec,” said Joe Natale, Rogers’ president and chief executive officer, in a statement.
Rogers said it would spend $3 billion in Quebec, where Cogeco is based, over the next five years. Half of that investment would be earmarked for various network investments including a broad rollout of 5G wireless technology infrastructure as well as expanding connectivity to rural communities. Rogers added it would ensure that the combined company would employ 5,000 people while keeping Cogeco’s headquarters and management in the province, and would support several community partnerships.
A Cogeco spokesperson told BNN Bloomberg in an email that Rogers is free to make its investment in Quebec, but it doesn’t need to buy Cogeco to do so.
“If Rogers fails to invest, their competitors will take away its mobile customers, regardless of 5G,” the spokesperson said. “As far as Cogeco is concerned, the company remains focused on executing its profitable growth strategy, investing in its state of the art broadband networks and offering leading edge services to its customers.”
Earlier this month, Cogeco’s independent directors rejected Rogers and Altice’s takeover offer, with Gestion Audem, Cogeco’s controlling shareholder and the Audet family’s investment vehicle, stating that it is not interested in selling its shares.
Analysts have also cast doubt on whether a deal could ever materialize given the Audet family’s control of the business.
Want to invest like Warren Buffett? Now you can with the Buffettology Smaller Companies Investment Trust
Is Warren Buffett headed to the UK? Well, more in spirit than in body.
For the 90-year-old Sage of Omaha’s investment philosophy that turned him into one of the world’s most successful stock-pickers will be at the heart of a trust that also takes his name.
The Buffettology Smaller Companies Investment Trust is aiming to raise at least £100mln, which it will plough into some of the market’s hidden gems.
It is the brainchild of Sanford DeLand, the boutique asset manager behind the top-performing SDL UK Buffettology fund inspired by billionaire head of Berkshire Hathaway.
The listed vehicle will be run by Keith Ashworth-Lord, the driving force behind the highly-rated, £1.4bn SDL UK Buffettology fund. Over the last three years, it has delivered a 30% return and is ranked second out of more than 200 similar funds for its five-year performance.
Its top holding is Games Workshop, which accounts for just under 10% of the portfolio.
In a statement on the launch of the listing of the new trust, chief investment officer Ashworth-Lord said: “We believe that the UK small-cap market offers excellent investment opportunities to experienced managers who know what to look for and have the freedom to take a long-term view.
“Our business perspective investing approach is ripe for application to smaller companies and presents an opportunity to deliver superior returns for our shareholders, over the long-term.”
Buffettology will be quoted on the premium segment of the official list. The prospectus is expected to be published on or around September 29.
Source:- Proactive Investors USA & Canada
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