💨 Abstract

An urgent warning has been issued to WhatsApp users about a scam where hackers "clone" investment firms to steal money. This scam usually starts by adding users to fake WhatsApp groups or websites that mimic reputable investment companies, leading victims to transfer their funds. The Investment Association reported nearly 500 cloning attempts, resulting in £2.7 million in losses in the second half of 2024.

Courtesy: Owen Scott