Three-Minute Phone Call Cost £10,500!
The businessman received a call, supposedly from his bank, saying that his account had been hacked and he would need to move his money into a ‘safe’ account as a matter of urgency. The caller gave an account code and sort code to which the businessman, totally convinced by the caller’s official tone and sense of urgency, transferred £10,500. Not long after, he began to have doubts and upon checking realised that his £10,500 had been taken and long gone.
While most people might say, I would never fall for that – many people do.
Here are some tips to avoid bank fraud:
- Banks will not call customers to advise them that their account may be hacked. They would normally freeze the account if they suspect suspicious activity.
- A genuine bank will never ask you to move your money from one account to another
- A bank will not ask for your PIN of full password
- Only share your personal or financial details with someone you trust and are expecting to contact you
- Never click on a link in an unexpected email or text
To report fraud call ActionFraud on 0300 123 2040. To find out more about scams and how to spot them, please visit www.friendsagainstscams.org.uk