An important new alert has been issued to Gmail users and you'd be wise not to ignore it or risk "devastating financial losses".

Anyone with a Gmail, Yahoo or Outlook email account should be on high alert for a scary new scam that has started landing ...

So, because the policy could expose both your and your friends' data, app access to Gmail could create a security risk similar to the mechanism that allowed for Facebook's Cambridge Analytica scandal.

What’s not so convenient, however, is having to create signatures in both the web and mobile versions of Gmail. It looks like Google noticed this issue and has fixed it with a new feature.