A Metro Bank customer lost £26,000 after a fraudster took advantage of compromised card details to scam him twice in what the bank described as a sophisticated social engineering scam. The man from Bedford, who did not wish to be named, said he was left checking his online banking ‘every five minutes’ after fraudsters accessed … Read more
Don’t be a student sucker: Youngsters warned over offers of ‘easy money’ as more are tempted into laundering cash for criminals via current accounts Reporting body Cifas said there were a record 364,000 reports of fraud in 2019 A large proportion of these were cases of suspected ‘money muling’ This is where people are convinced … Read more
Former fraudster Tony Sales, who served a prison sentence for his crimes, now helps organisations in their fight against fraud. He is head of strategic development at fraud prevention group We Fight Fraud. He says: ‘Since the dawn of the internet, criminals have been able to take over bank accounts either by hacking, socially engineering … Read more
An Amazon delivery driver was left unable to work for more than a week after the firm closed his account when he reported he had been hacked and money spent by a fraudster. Shaun Millward, from Leeds, had his Amazon account hacked during the coronavirus lockdown with his bank account emptied after the hacker made … Read more
Rogue ‘bedroom traders’ ignore watchdog: More than three-quarters are still operating on social media Instagram stars are persuading naive investors to join unregulated groups They are told the trader is supposedly betting on foreign exchange fluctuations 21 traders added to warning list since start of the year but 16 remain active By Miles Dilworth For … Read more
Rise of fraudsters pretending to call from Amazon: Here’s why you shouldn’t be tricked into pressing ‘one’ on the keypad The CTSI has issued a warning that scammers are posing as Amazon employees Around 7.9m UK homes now have Amazon Prime membership Scammers scare victims into believing they’re paying a £29 music subscription By Angelique … Read more
Connor Walsh claims to have it all. A Lamborghini, the freedom of a £3 million mansion and a jet-setting job — all by the age of 25. Standing in front of his indoor swimming pool, he starts to tell his 138,000 Instagram followers how he did it. He struts over to his home bar and … Read more
Fraudsters capitalise on lockdown uncertainty to steal £4m as investors are lured by sophisticated scams By Daily Mail City & Finance Reporter Published: 21:50 BST, 13 July 2020 | Updated: 21:50 BST, 13 July 2020 Fraudsters have stolen around £4million from investors in recent months through large-scale sophisticated scams, the Investment Association (IA) has warned. … Read more
Just 18% of people could spot the fakes from 10 scam emails and texts they were shown: Would you outsmart the con artists? TSB showed 2,000 people 10 real messages and 10 fake ones A quarter spotted all the fakes pretending to be from a bank, but 37% would click Figures come as thousands of … Read more
Warning over cowboy builders cold-calling vulnerable households as lockdown ends By Miles Dilworth For The Daily Mail Published: 22:00 BST, 7 July 2020 | Updated: 22:00 BST, 7 July 2020 Homeowners are being warned of a rise in cowboy builders targeting vulnerable households as the UK exits lockdown. Experts say they expect a ‘significant escalation’ … Read more