And fake ads have been waved through by Google and Facebook without proof of authenticity, signatories of the letter claim.
They said the internet giants should have a legal obligation to stop fraudsters misusing advertising platforms and for this to be included in the forthcoming Online Harms Bill.
At the moment financial fraud is not covered by the legislation, which largely focuses on child safety, bullying and extremist content.
More than £78million was lost to brand cloning scams last year – or an average of £45,000 per victim – according to Action Fraud.
Victims are often elderly people who are approaching or in retirement and the devastating losses can mean they are forced to work longer or sell their home.
The Money Saving Expert said if you don t, you could unwittingly invalidate your car insurance. And if that happens, you risk a £300 fine. When you buy car insurance, you re asked how you plan to use the vehicle, including whether you ll commute or use it for social purposes only. This will influence how much your premium is, as different types of driving carry different risks.
Motorists who now drive to work due to Covid are being warned to check their policies ahead of a rule change Last March, the Association of British Insurers (ABI) introduced extra support to make it easier for employees to commute during lockdown.
Crime explosion adds £630 to car cover
Catalytic converter theft increases five-fold
2 May 2021 • 5:00am
Victims of car theft face a rise in insurance premiums amid an epidemic of motor crime across the country.
Nearly 75,000 vehicles were stolen in 2020, a 33pc rise on the previous year, according to the Driver & Vehicle Licensing Agency (DVLA), and victims of these crimes have seen their insurance premium rise by as much as £630 a year, according to GoCompare, the price comparison service.
Hybrid vehicle owners are particularly vulnerable after a five-fold increase in catalytic converter thefts. In London alone nearly 15,000 such thefts were investigated in 2020, compared with 9,500 the previous year, according to the Metropolitan Police.
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