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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Celebrities sent to Scam Academy

Carol Vorderman, Donna Air and Rufus Hound attend Scam Academy – part of the Take Five financial fraud prevention campaign led by Financial Fraud Action UK

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