A major bank has issued a warning about crypto investment scams, with victims standing to lose more than £10,000 on average and young adults often being particularly at risk. Lloyds Bank has recorded a 23% rise in reports of cryptocurrency investment scams by customers in its banking group (including Lloyds Bank, Halifax and Bank of Scotland) between January and September 2023, compared with the equivalent period last year. Victims are losing £10,741 on average, up from £7,010 last year, the bank said, with many of the scams it analysed originating on social media. The most common age range for crypto scam victims is 25 to 34 years old, Lloyds said. Would-be crypto investors typically make an average of three payments before they realise they have been scammed, taking around 100 days from the date of the first transaction before they report it to their bank, Lloyds added. Crypto is a highly risky asset class and remains largely unregulated, which makes it an attractive area for fraudsters to exploit Liz Ziegler, Lloyds Bank Fraudsters often pose as investment managers, promising that any payments made by the victim will be invested on their behalf, often with the promise of huge returns. Sometimes the victim will be shown a fake investment account, suggesting that the funds are already making a profit, or a small amount of money will be transferred back into their bank account. But often there is no genuine crypto holding and the fraudster will disappear. In some cases, there will be an actual investment account held in the victim’s own name and registered with a legitimate platform. But once funds have been deposited, victims may be tricked into handing over their account login details, or passing control of their digital wallet over to the fraudster. They might also be directed to transfer cryptocurrency from within their own account to another digital wallet, which is under the control of criminals. Liz Ziegler, fraud prevention director at Lloyds Bank, said: “Crypto is a highly risky asset class and remains largely unregulated, which makes it an attractive area for fraudsters to exploit. If something goes wrong, you’re unlikely to get your money back.” Here are Lloyds’ tips for protecting yourself from crypto fraudsters: – Criminals often put adverts for scam crypto investments on social media. They can also send offers by direct message. They will promise returns that you cannot get elsewhere or make claims about “guaranteed” profits. If you are contacted out of the blue about an investment, it is likely a scam. – Fraudsters can easily set up fake companies, social media profiles and websites to clone real firms. Use the Financial Conduct Authority (FCA) website to find genuine contact details for a company and check for warnings about fake firms. Always do your own research or seek professional financial advice. – Never share the log in details for your investment account or your private cryptocurrency keys with anyone else. A legitimate firm would never ask you for this. Remember, if you transfer funds to another account that is not in your name, you have lost control of your money. – Fraudsters may ask you to pay an account in a different name to the company you are meant to invest with. If the names do not match, it is a sign of a scam. Paying by card (rather than a bank transfer) may offer you more protection if something goes wrong. Read More Council investigating extent of cyber attack that affected website and systems Setback for Ireland as EU legal adviser recommends revisit of Apple tax case Smartphones ‘may be able to detect how drunk a person is with 98% accuracy’ Ireland and Apple await major development in long-running EU tax dispute Guidance urges parents not to buy smartphones for primary school children William ‘blown away’ by futuristic technology from Singapore start-ups

The Biden administration is continuing its push to bring internet connectivity to every home and business in the U.S. On Monday, the Biden administration announced a new investment of $667 million to build broadband infrastructure in rural areas of the country

It feels like every time black holes are discussed and studied by the scientific community, there are new findings that blow our tiny minds. It’s been revealed that black holes actually regurgitate or “burp up” the stars that they eat years after the event. Experts made the discovery by studying tidal disruption events (TDEs). These events take place when stars are close enough to supermassive black holes, to be destroyed by the process of spaghettification. Studying these moments over a number of years after the black holes seemingly swallowing stars with no trace, the experts found that up to 50 per cent of them "burp up" the remains. Yvette Cendes is a research associate at the Havard and Smithsonian Center for Astrophysics and head author on the study. Speaking to Live Science, she said: "If you look years later, a very, very large fraction of these black holes that don’t have radio emission at these early times will actually suddenly 'turn on' in radio waves. "I call it a 'burp' because we’re having some sort of delay where this material is not coming out of the accretion disk until much later than people were anticipating." The material was re-emitted between two and six years from 10 out of 24 black holes which were studied by Cendes and the team. It has the potential to change the way the scientific community thinks about black holes. "There was a second peak, the two black holes re-brightened, and that's completely new and unexpected," Cendes said. "People were thinking that you'd have one outflow, and then it's kind of done. So this observation means these black holes can 'turn on' and then 'turn on' again." Meanwhile, a low intergalactic grumbling is emanating from deep space, according to scientists – and again, it’s black holes that are providing us with new discoveries. Astronomers say they detected the first-of-their-kind low frequency ripples, described as a “cosmic bass note” of gravitational waves, which is thought to be caused by supermassive black holes merging across the universe. Sign up for our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings

The US Supreme Court handed a victory to Twitter, Facebook and Google on Thursday, saying the social media giants could not be held liable by victims of terrorist attacks for...

Sales technology platform Apollo.io says it has raised $100 million in new financing at a $1.6 billion valuation.

NEW YORK Facebook owner Meta Platforms on Thursday gave employees a sneak peek at a series of AI

By Stanley Widianto and Josh Ye JAKARTA/HONG KONG TikTok said it has no plans to roll out a

Want to make sure your kids aren't holding their phones dangerously close to their eyes?

The X social media platform has removed hundreds of Hamas-affiliated accounts and taken action to remove or label

Around half of the Twitter users who actively posted about climate and environmental issues have left the social media platform since Elon Musk took over, new research has found, raising concerns over the “troubling implications” of this mass exodus. The research, published in the journal Trends in Ecology & Evolution on Tuesday, says that nearly half of Twitter users who identified as environmentally oriented had ceased being active on the platform. The authors of the study analysed the sample of 380,000 users who tweeted about climate and environment at least once in 15 days. The study found that within six months of take over by Mr Musk, around 47.5 per cent of these users became inactive. For comparison, the researchers also looked at a control group of 458,000 users who tweeted about US politics, and found that only 21 per cent of these users became inactive in the same period. The research took place between December 2022 and May 2023 and was led by Charlotte Chang, assistant professor of biology and environmental analysis at Pomona College. Researchers say this mass exodus shows the changes in Twitter’s ownership and how the platform is run has real-world impact. “Twitter has been the dominant social media platform for diverse environmental interests to communicate and organise around advocacy goals, exchange ideas and research and new opportunities for collaboration,” the authors wrote. “Currently there is nothing on the horizon to replace it, putting at risk robust idea-sharing on topics such as extreme weather disaster responses, preservation of biodiversity and climate change.” The social media giant, now called “X”, has gone through a series of shake-ups and changes since the Tesla founder bought the platform in October 2022. However, the platform has long stood as a vital source for real-time information and public mobilisation. Recent findings suggest that hate speech has increased substantially after the Twitter sale and that engagement increased much more markedly for contentious right-wing actors, the study notes. Researchers say changes since Twitter’s acquisition likely have ripple effects for other user segments as well, such as the climate policy sphere, or future disaster response after extreme weather events. Read More Google is profiting from climate misinformation on YouTube, report finds ‘Propaganda to infect children’s minds’: Climate misinformation textbook mailed to 8,000 US science teachers Fossil fuel lobby waged $4m disinformation campaign during climate summit, report finds

ALPHARETTA, Ga.--(BUSINESS WIRE)--Jul 11, 2023--

Lomography celebrated its 30th birthday not too long ago and is marking the milestone with