FCA updates data strategy to tackle online scams

Contract-based schemes regulator to invest heavily in its use of data

clock • 2 min read
FCA head offices in Stratford, London
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FCA head offices in Stratford, London

The Financial Conduct Authority (FCA) has refreshed its strategy of using data to tackle online fraud faster by scanning about 100,000 websites created daily to identify those that appear to be scams.

The hosts of fraudulent websites identified by the FCA are now being proactively requested to shut them down, though they cannot be forced to do so, according to the watchdog. It added that this...

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