FCA updates data strategy to tackle online scams

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

Julia Bahr
clock • 2 min read
FCA head offices in Stratford, London
Image:

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...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Access LGPS pool named Stewardship Code signatory

Access LGPS pool named Stewardship Code signatory

Pool joins other LGPS funds and pension schemes as signatories of FRC’s code

Holly Roach
clock 11 February 2025 • 1 min read
Guidance needed for councils looking to reduce pension contributions, LCP says

Guidance needed for councils looking to reduce pension contributions, LCP says

Follows confirmation Kensington and Chelsea RBC will not have to pay pension contributions next year

Holly Roach
clock 11 February 2025 • 2 min read
Illiquids set to play 'increasingly important' role in DC investment strategies

Illiquids set to play 'increasingly important' role in DC investment strategies

Isio report reveals DC master trusts are planning greater UK illiquid asset investment

Holly Roach
clock 11 February 2025 • 2 min read
Trustpilot