AIB warns of emerging threat of 'second-helpings scams' to defraud victims by offering fake services to recover stolen money

"Swindle involves panicked customers losing more money on top of what was stolen from them in the first place"

"AIB has warned of an emerging threat of "second-helpings scams" in which criminals offer fraud victims fake services to recover their stolen money."

"The growing trend involves customers who have already fallen victim to investment scams being contacted again by fraudsters who claim to be able to retrieve the original investment fee."

Criminals are increasingly targeting people who have already lost money to investment scams by offering fake recovery services that demand additional payments. The tactic, described as "second-helpings scams," involves contacting previous victims and claiming the ability to retrieve the original investment fee in exchange for further fees. Panicked customers who seek to recover lost funds can end up losing more money on top of what was stolen initially. Financial institutions such as AIB have identified this emerging pattern as a growing threat to vulnerable consumers.

Read at Independent