Britain will ban cold calls selling financial products including insurance and cryptocurrencies in a bid to combat fraud.
Such fraud costs the UK about £7 billion (about $8.7 billion) a year. In its new anti-fraud strategy, the UK has pledged to provide 400 new jobs to update its intelligence-led policing approach. The British government will work with telecom regulator Ofcom to use new technology to disrupt phone number "spoofing" so that fraudsters cannot legally impersonate legitimate British phone numbers. (Bloomberg)
