Coronavirus : watch out for fraudulent online investment offers

Recently, the containment condition has lifted the intent of online scammers. For better protection, the Autorité des marchés financiers (AMF) and the Autorité de contrôle prudentiel et de résolution (ACPR) have been warning the public about suspicious offers. In fact, there are no fewer of them currently active online. This initiative is part of the effort to protect banking and insurance activities.

With the term “stay at home”, the internet players have changed a lot. And sometimes even the name covid-19 is used for banal formulas encouraging people to follow a campaign. And somewhere there are bad intentions that seem to lack enough logical and legal sources to offer an online service.

We are all aware that containment has conditioned many social and entrepreneurial online investment activities. Confinement also forces a majority of the population to go back to their homes and work there. As a result, the AMF has insisted that the public should bypass products whose online offering explodes unreasonably as soon as they enter containment. Among other things, these are physical products or bank services. The latter are sometimes offered free of charge and with very large profits in order to provoke a quick decision. Similarly, some online advertising banners that lead to form filling should be completely avoided. While sometimes the site where the form is placed does not justify a formal activity and hints of a professional profile. In such a way that hackers easily manage to collect confidential information via this form without really offering the expected service. This puts at the risk of sharing personal information: cards or bank details, telephone number, assets. This data can lead to an unimaginable usurpation.

To see the precautions to be taken : here

AMF : An independent public authority, the AMF is responsible for ensuring the protection of savings invested in financial products, providing investors with adequate information and overseeing the smooth operation of markets.

ACPR: the administrative authority that oversees the banking and insurance sectors and monitors financial stability. The ACPR is also responsible for protecting the customers of the supervised institutions and carries out the mission of combating money laundering and the financing of terrorism.

Leave a Reply

Your email address will not be published. Required fields are marked *

Solve : *
10 × 3 =