TECH COMPANIES JOIN BANKING INDUSTRY TO TACKLE FRAUD

Take Five to Stop Fraud today announces that major technology companies, including Google, Facebook, Instagram, Twitter, Amazon, Microsoft and TikTok have pledged to support Take Five to Stop Fraud, the anti-fraud campaign run by UK Finance.   This announcement coincides with Take Five Week, a week dedicated to highlighting the work of the campaign that … Continued

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FAKE PARCEL DELIVERY TEXTS ARE THE TOP SMISHING SCAM

Parcel and package delivery scams are the most prevalent type of ‘smishing’ text messages, according to new data provided to UK Finance by cybersecurity company Proofpoint. Proofpoint operates the 7726 text message system on behalf of mobile phone operators, which allows customers to report suspicious texts. The numbers 7726 on a keypad spell out the word ‘SPAM’. Smishing is a technique that criminals use to target … Continued

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HOLIDAYMAKERS AND FESTIVALGOERS URGED TO BE VIGILANT FROM SCAMS AS LOCKDOWN RESTRICTIONS EASE

Fraudsters are poised to target the British public with ticketing, travel and health insurance scams as consumers look to book in much-needed social activities as lockdown restrictions ease, warns UK Finance. The scam alert comes as the Take Five to Stop Fraud campaign publishes guidance below on how consumers can protect themselves in the lead-up to further easing of lockdown restrictions from 17 May. With many people booking holidays and tickets to concerts and summer festivals, criminals are … Continued

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CRIMINALS EXPLOIT COVID-19 PANDEMIC WITH RISE IN SCAMS TARGETING VICTIMS ONLINE

Criminals used the Covid-19 pandemic to target victims online, through impersonation scams, romance fraud and investment scams. UK Finance is calling for new legislation to make online platforms responsible for taking down fraudulent content and better protect consumers from these scams. In 2020, Authorised Push Payment (APP)3 fraud losses amounted to £479 million, up five … Continued

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ROMANCE SCAMS ON THE UP DURING LOCKDOWN

UK Finance is today urging the public to be vigilant and look out for friends and family to help keep them safe from romance scams this Valentine’s Day. New data from UK Finance reveals a 20 per cent increase in bank transfer romance fraud between January and November 2020 compared to the previous year, with … Continued

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SCAM ALERT: UK FINANCE WARNS PUBLIC TO BEWARE OF PARCEL DELIVERY SCAMS IN RUN UP TO CHRISTMAS

UK Finance is warning consumers to be vigilant against criminals looking to defraud them by posing as parcel delivery companies, as more people across the country are expected to shop online this Christmas than ever before. Intelligence from UK Finance suggests that criminals are sending out phishing emails, purportedly from well-known delivery companies, which claim … Continued

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