My Money? My Info? I Don’t Think So!
Find out how fraudsters work and how you can stay one step ahead
Last year, more than a million cases of fraud took place in the UK, with financial fraud costing us £768 million.* As banks have been tightening up their security, scammers are targeting individuals with very convincing scams.
The good news is a fraud awareness campaign called Take Five to Stop Fraud has simple, effective advice that will help you confidently challenge a fraudster. If you get any calls, texts or emails out of the blue asking for your personal or financial details, always stop, take five to think, then say, My money? My info? I don’t think so!
A common scam is a phone call from someone who says they’re from your bank, ringing to alert you to fraudulent activity. It’s the sort of phone call you dread. But the person at the other end sounds kind and reassuring, telling you that they can protect your money once you move it to a safe account, which they have set up for you in readiness.
They may already have some details about you, like your full name, address and account number. Convinced, you transfer the money to the new account. The fraudster then quickly empties your account. In a moment of panic it’s not surprising you trust the voice on the end of the line. It’s how scammers work.
We all like to think we wouldn’t fall for a scam like this, but it’s all too easy when you’re feeling anxious or under pressure. In fact, one in four fraud victims say they knew immediately they’d made a mistake.** So to protect yourself confidently, always Take Five to Stop Fraud.
Financial fraud affects someone every fifteen seconds across the UK*
Scammers make a call sound so convincing, but don’t be fooled