Dukascopy warns its clients about the impersonating website operating on behalf of the company's name.
A Swiss online bank that offers trading, banking, and financial services via mobile and internet platforms, Dukascopy, has notified the market and customers of the existence of a clone of its authorized brand. This scam operates by means of a website at https://apps.xfenfa.cn/WG6rm, where it acts as if it were a regulated, genuine investment company.
This website is still accessible and unaware clients may get trapped by having transactions inside. Dukascopy has issued a statement that they have no affiliation with such a domain along with the warning.
"Please be aware that this website is not controlled and does not belong to Dukascopy Bank, Dukascopy Europe, Dukascopy Japan or any other entity of Dukascopy Group. Do not trust any information to be found on the website. Do not provide any personal data on this website. We are taking action against this fraudulent webpage."
With almost £78 million lost in 'clone business' investment scams in the United Kingdom alone and the number of complaints for this scam type on the rise, fraudsters are constantly modifying the methods they use to induce individuals to part with their money or sensitive information.
According to global regulators, fraudsters are getting increasingly adept, luring victims with professional-looking websites and communications via social media platforms aimed at stock and bond assets, foreign exchange, and cryptocurrencies, in particular.
Dukascopy itself has been considered a lucrative target as the business is also active in cryptocurrency. In response to such a situation, the company provides free internal crypto transactions between mobile banking users as well as allows customers to deposit and withdraw money in digital currency.
See Also: Dukascopy Review