Here are some of the methods that fraudsters use to take advantage of our trusting nature!
Phone Call from your Bank.
A telephone call is received saying that your bank account has been targeted by fraudsters. They ask you to call the number on the back of your debit card but they manage to intercept the call, usually by holding the line open,and instead of talking to your bank you are still talking to the fraudsters. They advise you that all the money in your account should be transferred to a secure holding account and will talk you through how to do this. Needless to say your money is now in accounts controlled by the fraudsters,
DO NOT CALL THEM BACK USING THE SAME TELEPHONE AS THE INITIAL CALL WAS TAKEN ON!!
Emails from Bank or HMRC.
These are aimed at obtaining your bank details which are of great value to fraudsters. Thus you may receive an email purporting to be from your bank, asking you to confirm your account details so they can prevent fraudulent withdrawals from your account. Similarly, there are bogus emails from HMRC stating that you are due a refund of income tax ot tax credits and to provide your bank details in order to receive the repayment.
The golden rule rule is never to provide your bank details to anyone on the phone or over the internet. A clever variation on this was where a fraudster obtained a list of shareholders in one of the companies that dairy farmers received shares in when the old MMB was disbanded. The caller claimed to be from a stockbroker who had a client willing to buy shares and was willing to pay considerably more than market price. This did not make sense and it was concluded that is was all a ruse to obtain bank account details.
IF IN ANY DOUBT DO NOT OPEN THE EMAIL JUST DELETE IT.
Advertisments in Publications and Directories.
It is very easy to be talked into an advert in a publication, particularly when the funds appear to be going to a good cause. However, do you know if the publication actually exists or what proportion of your money actually ends up with the charity?
Another variation is where a letter is received suggesting that businessess are required to list their VAT registration numbers in the "UK Corporate Portal 2014" and in the small print it says that this will cost £797. There is no obligation to do this and there is unlikely to be any benefit to a business from such a listing.
THE ADVICE IS ALWAYS TO BE VILGILANT OF UNSOLICITED APPROACHES WHETHER THESE ARE TELEPHONE CALLS, EMAILS OR LETTERS. TECHNOLOGY IS CONSTANTLY EVOLVING, BUT FRAUDSTERS ARE ALSO CONTINUOUSLY ADAPTING THEIR METHODS TO EXTRACT FUNDS FROM YOUR BANK ACCOUNTS.