How does financial sextortion work?

Growing up is hard enough. But young people face more pressure today than would have been imaginable before the smartphone. Do you really know what happens on your child’s phone?
Financial sextortion, a financially motivated form of online blackmail, is the fastest-growing scam affecting teenagers globally. Boys as young as 12 have committed suicide.
The situation has become so dire that the National Crime Agency issued a rare warning to all UK schools to watch out for sextortion-related abuse.
It’s hard to trace and even harder to prosecute. But banks are uniquely positioned to help law enforcement in their efforts. They just need to know what to look for.
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