MARTIN Lewis has issued an urgent warning to every Briton with a bank account over a “scourge on society” – costing them £1,000.
The money-saving guru took to social media to urge people to watch out for scams.
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Martin Lewis issued an urgent warning on his social media account Credit: Rex
The Money Saving Expert star has hit out at fake ads posted by fraudsters on social media like Facebook.
Martin said he had become the “most scammed face” in the UK after being a victim himself in recent years.
On Xu, formerly known as Twitter, he informed thousands of followers about the dangerous scam.
He said: “Fake ads are a scourge on society. The resulting scams can destroy people’s financial lives, self-esteem and mental health.
“I have the dubious compliment of being the most conned face in the UK.”
His post follows a recent campaign that supported my MSE in the fight against fraudulent ads as part of the new internet safety law.
According to Ofcom, nine out of 10 Britons have been victims of online fraud – with almost half of adults taking part in online scams.
Victims fall for dubious ads that ask for bank account information – which can eventually wipe out your balance.
Thousands of activists have joined forces to include consumer protections in new internet safety laws.
The long-awaited online safety bill has now finally become law after years of controversial debates in parliament.
Martin explained: “For years, MSE and I have been campaigning to get tougher laws to force social media companies, including here at X (though in my experience Facebook is worse) to reduce these ads they are PAID to run.
“Originally the government was not going to put this in their internet security bill, we fought hard, got it and finally last week that bill (which has many other elements, some controversial) became law.”
“Hopefully this will start to reduce the number of scams.”
According to the new laws, online platforms must prevent and remove harmful content for users.
However, the This Morning presenter said the bill was not enough and called on the anti-fraud police to crack down on fraudsters.
He added: “Far from a cure-all, we also need better-equipped police to fight fraud, but it’s a good step in the right direction.”
The post has now garnered thousands of views with over 600 likes from other users.
Dozens of users flocked to the comments section to share their thoughts and opinions.
One said: “That’s good news but more needs to be done to educate those who are more susceptible to these ads.
“Especially the older generation. It breaks my heart when I hear some of the stories.”
Another added: “Twitter/X or Facebook ads are just not safe and, knowing that, I don’t know why advertisers continue to use them.
“I would certainly never follow a link to an ad on any platform.”
It comes after money saving expert Martin Lewis warned Sainsbury’s shoppers to act now to get up to £25 of free cash for Christmas.
The experts reveal their best tips in this week’s newsletter.
In it, money-loving experts explained how to make huge savings with five currently open schemes.
Categories: Optical Illusion
Source: HIS Education