header banner
Default

This fake BBC News page is promoting a scheme with a Bitcoin theme


Fake BBC webpageImage source, MyOnlineSecurity

Image caption,

One sign that the webpage is fake is that it uses the wrong font

An investment scheme is using a fake BBC News webpage to convince members of the public to hand over funds.

The spoof page references a Bitcoin-themed documentary broadcast by Panorama last year, but links on the page direct visitors to a site promising to make them a millionaire.

Reports indicate that the fake page is being spread via emails sent from hacked accounts.

A spokesman for the BBC said it is looking into how best to respond.

The Financial Conduct Authority has previously issued a warning about an earlier scheme run under the same Bitcoin Trader branding that features in the latest effort.

This is not the first time an attempt has been made to link the brand to the BBC.

Last year, adverts appeared on social media and elsewhere falsely claiming that a trading platform operating under the same name had been backed by several of Dragons' Den's stars.

Two of the show's entrepreneurs - Deborah Meaden and Peter Jones - subsequently issued denials.

Ads also claimed that Lord Alan Sugar had quit The Apprentice to help promote its software, leading the businessman to tweet that he had contacted the police.

This Twitter post cannot be displayed in your browser. Please enable Javascript or try a different browser.View original content on Twitter

The BBC is not responsible for the content of external sites.

Allow Twitter content?

This article contains content provided by Twitter. We ask for your permission before anything is loaded, as they may be using cookies and other technologies. You may want to read Twitter’s cookie policy, external and privacy policy, external before accepting. To view this content choose ‘accept and continue’.

The BBC is not responsible for the content of external sites.

In addition, the former BBC journalist Martin Lewis - who now runs the MoneySavingExpert site - launched legal action against Facebook after it failed to remove fake ads suggesting he was also involved.

And Sir Richard Branson has also warned that fake CNN news pages had been created to make it seem that he had endorsed a Bitcoin Trader-branded scheme.

Image caption,

Sir Richard previously warned the public of a fake CNN Tech page

It is not, however, clear whether the people behind the effort are the same as before.

Countdown timer

The fake BBC News page contains a lengthy article describing an "underground banking system" that allows investors to turn small deposits into "a fortune".

It presents a case study of one individual who supposedly saw an investment of less than £300 grow into nearly £900,000.

At the bottom of the page, a countdown clock indicates that there is little time remaining to enrol in the venture.

City of London Police's cyber-crime team has previously warned users against this tactic.

"Always be wary if you're pressured to invest quickly or promised returns that sound too good to be true," it said when it discussed the con last April.

One of the indications the latest bogus webpage is fake is its address, which does not correspond to the bbc.co.uk or bbc.com domains used by the broadcaster.

One cyber-security expert said members of the public who receive emails urging them to click any link with an unusual address should in general be cautious of doing so.

"If you are suspicious of any email, search for the page or website in Google rather than clicking the link," suggested Lisa Forte, from Red Goat Cyber Security.

"And if you receive the email at work, let your IT team know so they can deal with it appropriately."

More on this story

VIDEO: Elon Musk Deepfake Crypto Scam
My Financial Friend

Related Internet Links

VIDEO: Cryptocurrency scammer's £13.5m London penthouse revealed - BBC News
BBC News

The BBC is not responsible for the content of external sites.

Sources


Article information

Author: James Smith

Last Updated: 1704279122

Views: 1401

Rating: 4.7 / 5 (90 voted)

Reviews: 80% of readers found this page helpful

Author information

Name: James Smith

Birthday: 1988-09-21

Address: 088 Smith Ford, Webershire, IN 18349

Phone: +4159967799517010

Job: Real Estate Agent

Hobby: Astronomy, Archery, Fishing, Stamp Collecting, Whiskey Distilling, Snowboarding, Skiing

Introduction: My name is James Smith, I am a intrepid, unwavering, expert, unyielding, risk-taking, esteemed, vivid person who loves writing and wants to share my knowledge and understanding with you.