Fraudsters are stealing large sums of money from victim’s bank accounts by taking control of their mobile phones and intercepting calls/texts messages sent by banks.
Fraudsters are once again gathering as much information as possible on victims and using a method we have warned the public about in the past called SIM splitting, to gain access to people’s bank accounts.
A recent This is Money investigation found that one victim from London lost £22,300 when fraudsters raided their Santander accounts using this method. Another two victims had £19,500 drained from their Santander accounts after criminals intercepted the bank’s text messages.
Source: Fraudsters are emptying bank accounts by diverting calls and text messages | Action Fraud
The City of London Police’s National Fraud Intelligence Bureau (NFIB) has identified that fraudsters are now using background hold music in a bid to make their calls more convincing.Organised crime groups are attempting to defraud members of the public by impersonating the customer’s bank and according to a convicted fraudster the methods used by them are evolving. The NFIB has been made aware that fraudsters are now using background music, similar to that used by the bank, when the customer is put on hold. The fraudsters use this music as an attempt to convince the customer that the call is genuinely from the bank.
Source: Fraudsters use hold music in bid to convince unsuspecting banking customers | Action Fraud
The National Fraud Intelligence Bureau’s (NFIB) proactive intelligence team is warning people of a new approach being used by scammers to carry-out vishing scams. Once the victim is convinced, the fraudster tells them that in order to receive the rebate they will need to pay an administration fee in advance; the payment they ask for varies between £60-350. The victim provides the details and makes the payment, but then is no longer able to make contact with the person they spoke to on the phone.
Source: Alert: Watch out for council tax scam
Retired homeowners are warned to beware of unexpected phone calls from sales people who are using scare tactics and claiming that the Government can take their home. These callers may attempt to give the impression that they are legally trained solicitors and that their services are free of charge.
Source: Cold Caller ‘Home Loss’ Threat Warning – Safe In Warwickshire
Thousands of people have lost their life savings after falling for a pension scam. Don’t be next.
Read our ten steps to protect your pension.
You can also watch our video and download a booklet to help give yourself the best possible protection against the pension scammers.
Understand the risks of early pension release via pension loans or transfer schemes. Who to contact if you’ve received offers to cash in your pension.
Source: Pension scams | pension loans & transfers | The Pensions Regulator
In this article we will look at three types of email you need to be aware of…… Spam Email, Scam Email and Phishing Emails. Below is more information on what all three types are and how …
Source: On The 10th Day Of Christmas Safe In Warwickshire Gave To Me Advice on Spam and Scam Email – Safe In Warwickshire
Sound advice on Phone Scams and links to lots of other forms of scam too.
Source: Phone Scams – Consumer – Financial Fraud Action UK
Nuneaton & Bedworth Neighbourhood Watch Association (N&BNWA) has pledged its support to a trading standards initiative aimed at tackling scams and encouraging victims to come forward, after figures showed 95% of such crimes go unreported.
They joined forces with the Chartered Trading Standards Institute (CTSI)) and the National Trading Standards (NTS) Scams Team as part of the Stand Against Scams campaign.
N&BNWA joins other elected officials and community leaders, across the UK, who have signed up to become a #scambassador who will each lead the fight against criminals in their communities.
Brian Lowe, speaking on behalf of N&BNWA said: “Many of us will fall victim to a scam at some point in our lives so it is essential that action is taken against scammers that often target the most vulnerable and elderly people in our community. “I would urge anyone that has been the victim of a scam to report it to the authorities to make sure that these criminals are dealt with appropriately and they cannot use their tactics on anyone else again.”
Leon Livermore, CTSI chief executive, said: “About £52 billion is lost to scams every year and while it is often society’s most vulnerable it is important to remember that anyone can fall victim. The impact is often heart-breaking and we know of people who have lost their life savings or even re-mortgaged their homes after becoming a repeated target.”
Louise Baxter, manager of the NTS Scams Team, said: “The tactics used by scammers leave victims socially isolated and ashamed of telling their friends and families what’s really going on behind closed doors. “I would encourage all those that are interested in showing their support to join the campaign and be part of our #scambassador network which is already starting to grow.”
The average age of a scam victim is 74 but according to Action Fraud 53 per cent of people aged 65 or older have been targeted, with some known to have re-mortgaged their homes to cover loses. Last month, a 90 year-old woman3 from Sutton was conned out of £60,000 in a decade-long postal scam which started when the victim ordered make-up advertised in a mail order catalogue. Meanwhile, a Lincoln pensioner4 has recently thanked trading standards for their help in preventing her from being scammed out of hundreds of pounds after she responded to scam mail.
Anyone who thinks they have been the victim of a scam call Action Fraud on 0300 123 2040 http://www.actionfraud.police.uk/report_fraud
Increasingly sophisticated scams have emerged and evolved over the past decade. If you have elderly parents or vulnerable friends, share this article with them
Source: How to avoid falling victim to fraudsters | Money | The Guardian