Money Box Avoiding Scams and Changes to Wills
Jun 27, 2025
In 2024, scams cost victims over £450 million in the UK, with one 74-year-old sharing her emotional story. The rise of cyber attacks poses additional threats, complicating clients' access to inheritance and personal security. Proposed reforms to wills could simplify legislation, introducing measures like validating electronic signatures. The podcast also sheds light on the compensation process for those harmed by improper energy meter installations, encouraging customers to seek their due.
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Terence's Scam Experience
- Terence bought a device online for £79 that turned out to be a worthless phone rest.
- His bank refunded him quickly after he reported the scam and demanded a refund.
Pay Smarter to Fight Scams
- Use credit cards or payment platforms like PayPal for online purchases to gain payment protection.
- These methods provide traceability and increase chances of recovering money after scams.
Small Scams Feed Bigger Frauds
- Criminals use small scams to gather valuable data for repeated fraud attacks.
- Even small lost amounts can lead to larger identity theft and future scams.