4:46 pm today

'Recovery' scam posing as person trying to recover lost funds

From Checkpoint, 4:46 pm today

Beware the scammer coming back for a second crack at cleaning you out. The so called "recovery" scam is the latest way to swindle people out of their cash. It's where a scammer approaches a known victim of a scam, masquerading as someome trying to recover your lost funds. The banking ombudsman's latest report shows scam cases are up 27% with victims losing on average $80,000 up from $57,000 the previous year. Consumer said the second wave scammers are targetting people at their most vulnerable, its spokesperson Ruairi O'shea spoke to Lisa Owen.