People running copycat Web sites are attempting to con investors by passing themselves off as legitimate organisations, warned the UK's financial service regulator, the Securities and Investments Board (SIB), last week.
The SIB said that increasing numbers of bogus sites were appearing that attempted to fool potential investors into believing they were well-known and regulated organisations.
"The global nature of the Internet makes it easy, cheap and very tempting for cyber-cheats to try to exploit potential investors with offers that seem too good to be true. In our experience, many end up not being true and investors can lose their money," said Andrew Winckler, the SIB's chief executive.
The SIB warning offers tips to investors to help them discern legitimate investment opportunities. Check the Internet address carefully, confirm company details with the phone book, and be wary of offers that appear too good to be true, the report warns.
Web addresses with '.uk' endings are not necessarily based in the UK and may not be covered by UK regulation. If in doubt, contact the SIB.
IBM and Technical University of Munich team demonstrate how Shor's algorithm, which can't be cracked by conventional computers, can be solved quickly with quantum computing
Hubble Space Telescope finds superflares from young red dwarfs could strip away planetary atmosphere
Younger stars are 100 to 1,000 times more energetic than when they're older
Two of the big four supermarkets will use the system to control sales of restricted products
PUBG news and updates: November's Update #23 to bring new Skorpion pistol and changes to blue zone visibility
Genuinely useful side-arm coming to PUBG in Update #23