Advert.

Do NOT tell your scammer he is posted here, or report their accounts as it puts others at risk!

Bank payment scams claim 84,000 victims

Did you read about scams in the papers, or see it on TV? Let us know.

Bank payment scams claim 84,000 victims

Unread postby SlapHappy » Fri Mar 22, 2019 2:32 pm

https://www.bbc.com/news/business-47653983

Bank payment scams claim 84,000 victims
By Simon Gompertz
Personal finance correspondent, BBC News
21 March 2019

Scams in which criminals trick bank customers into paying them money out of their bank accounts jumped by 45% in the second half of last year.

In the six months to December, £135m was transferred out of personal accounts to fraudsters with the customer's permission.

In the first half of 2018, the total was £93m.

Over the whole of last year, more than 84,000 bank customers fell victim, some losing tens of thousands of pounds.

Banks say scam merchants are shifting their attention from trying to penetrate banking systems to conning members of the public directly.

Business are being targeted as well, with a similar sharp rise to £74m in suspicious transfers unwittingly authorised by staff members.

The frauds range from dodgy or non-existent goods being sold online to sophisticated scams in which the perpetrator pretends to be a trader known to the customer and demands payments.

In some of the worst cases, criminals hack into the email accounts of solicitors handling house sales or builders genuinely working on a house, then send invoices asking customers to transfer money to a fraudulent account.

Innocents duped
Katy Worobec, who deals with economic crime at UK Finance, believes the most sinister examples are when fraudsters phone, email or arrive in person, claiming to be from the police or from the customer's bank.

"We are seeing a shift away from some of the methods that fraudsters are using to try and attack banks' security systems to focusing on the person and duping them into making the payment themselves," she says.

The increase in documented cases has happened partly because more banks are detecting and reporting the scams, but UK Finance admits it is worried by the development.

The problem is that in most cases, the customer was blamed for authorising the payments and ends up footing the bill.

Banks reimbursed £83m of the losses over 2018, but that compared with a total bill to individuals and businesses of £354m.

They have promised to follow a new voluntary code from 28 May this year, under which victims will be refunded if they have met expected standards of behaviour.

But banks can still avoid paying if they can prove gross negligence by the customer.
If anyone asks you for money on the Internet they are always a scammer, 100% of the time.
Blackmail Scammed? Go here: https://www.scamsurvivors.com/blackmail/#/
FAQ viewtopic.php?f=3&t=19
Victim of a scam? Go here: https://scamsurvivors.com/forum/viewtop ... =3&t=26504
User avatar
SlapHappy
Retired admin/co creator
 
Posts: 44968
Joined: Tue Apr 17, 2012 5:18 am
Location: Just a face in a magazine, watching you post your scammer's details.

Return to Media reports.

Who is online

Users browsing this forum: No registered users and 37 guests