My Money? My Info? I Don’t Think So!

Find out how fraud­sters work and how you can stay one step ahead

Woman's Weekly (UK) - - Travel -

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

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.