Text and online scammers will be targeted by a new government-backed fraud squad made up of 400 elite investigators.
The intelligence-led division will be part of a £30 million fightback against scammers that aims to block fraudulent communications at their source and allow suspect bank payments to be delayed.
The new fraud strategy, announced by Home Secretary Suella Braverman on Wednesday, will include banning cold calls on all financial products, such as those relating to insurance or sham cryptocurrency schemes.
It also plans to work with Ofcom to use new technology to further clamp down on number “spoofing,” so fraudsters cannot impersonate legitimate UK phone numbers….