[ad_1] Such “safe account” scams make up a fifth of all fraud losses, according to the banking trade body UK Finance, with victims losing £4,500 per case on average. Four in five of the scams start with a text message, according to TSB. It said Royal Mail was the most impersonated delivery company, followed by…
[ad_1] After she had paid the fee, she received a call from a number that showed up on her phone as being from Lloyds Bank. She said: “The lady on the phone was very sweet and told me that someone had been using my account. She had me transfer every penny I had into a…
[ad_1] People must take personal responsibility to avoid falling for scams, a senior figure at UK Finance has said, as she warned that money lost to fraud was ending up in the hands of criminal gangs. Karen Baxter, who joined the banking trade body in October from her previous role as an economic crime commander…
[ad_1] According to the banking industry body UK Finance, UK consumers were scammed out of a record £479 million last year, with a five per cent annual rise in money lost by customers unwittingly sanctioning payments to criminals. This included a 94 per cent increase in “impersonation scams” where criminals posing as trusted organisations, including…
[ad_1] Action Fraud said that having a national system allows law enforcement to see the whole picture. It is currently working to create a “new and improved next-generation service”. Angela McLaren, assistant commissioner for economic and cyber crime at the City of London Police, which includes Action Fraud, said the threat from fraud is “increasing”…