SCAM ALERT: EASYJET CYBER ATTACK

Criminals will often use the publicity around events such as the Easyjet cyber attack as a chance to pose as a genuine organisation, which could include the impersonating of banks and police officers. Often the criminal will pretend to be from the impacted company, or claim they are dealing with an issue as a result. … Continued

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SCAM ALERT: CRIMINALS USING COVID-19 SMISHING TEXTS TO TARGET CONSUMERS

UK Finance is warning consumers to be on the lookout for “smishing” text message scams from criminals exploiting the coronavirus outbreak. Smishing is when criminals use text messages impersonating other organisations to trick people into giving away their personal and financial information or money. These scam texts often claim to be from government departments, banks … Continued

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SCAM ALERT: FLYBE CESSATION OF TRADING

Criminals will often use the publicity around events such as the cessation of trading of Flybe as a chance to pose as a genuine organisation, including banks, police officers, retailers and travel companies. Often the criminal will pretend to be from the impacted company or claim they are dealing with an issue resulting from the … Continued

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SCAM ALERT: CORONAVIRUS

Criminals will likely use the publicity around Coronavirus as a chance to pose as a genuine organisation, including banks, police officers, government, the World Health Organisation or other health service providers. Often the criminal will pretend to offer help and guidance, or claim they are dealing with an issue as a result. Fraudulent emails, phone … Continued

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SCAM ALERT: TRAVELEX CYBER INCIDENT

Criminals may try to exploit the Travelex situation as a cover story to scam you out of your money. Criminals will try to trick people into revealing personal or financial information, which they then use for fraudulent purposes. Customers should be vigilant and follow the advice of the Take Five to Stop Fraud campaign. Always … Continued

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SCAM ALERT: THOMAS COOK CESSATION OF TRADING

Consumers should be vigilant of criminals attempting to use the cessation of trading of Thomas Cook as an opportunity to trick people into revealing personal or financial information. Criminals will often use the publicity around these sorts of events as a chance to pose as a genuine organisation, including banks, police officers, retailers and travel … Continued

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Banking industry stops £4.5 million of fraud a day in first half of 2019

Finance industry stopped £820 million of unauthorised fraud in first half of 2019 Data compromised through social engineering and ‘digital skimming’ attacks have had a significant impact on fraud losses Investment scams account for largest proportion of personal customer losses to authorised push payment fraud The finance industry prevented £820 million of unauthorised fraud in … Continued

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Banking industry prevented £1.66 billion of fraud in 2018

A total of £1.66 billion of unauthorised fraud was prevented by the banking and finance industry in 2018. This is comprised of: £1.12 billion in attempted unauthorised card fraud £318 million in attempted unauthorised remote banking fraud £218 million in attempted unauthorised cheque fraud A total of £1.20 billion was stolen by criminals committing fraud … Continued

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