An unprecedented wave of online bank fraud is hitting Britain

Post by martijnvds » Thu, Oct 14, 2021, 2:32 PM UTC

djhworld wrote: post #123

easton wrote: post #117

Earlier quoted context omitted.

Not all US credit card companies are like this. I specifically remember a few years ago that my Mom got a call from AMEX about some fraud on her card, to which she responded “I never get calls from you, how do I know this is real?”. They said no problem, just hang up and call the number on the back of your card. I believe some banks even skip the call entirely, and just prompt you to call the number on the card.

On traditional landline phones that older folk tend to use (although I guess that's dwindling every year) a common tactic for scammers is to ask the victim to call the number on the back of the card. However the scammers don't hang up they just play a fake dial tone so the victim dials the number thinking they're contacting their bank but they're actually just speaking to the scammers again

Post by jdavis703 » Thu, Oct 14, 2021, 2:43 PM UTC

Nextgrid wrote: post #112

robinson-wall wrote: post #95

Earlier quoted context omitted.

You see ads on instagram offering to buy or borrow your bank account for £50... and when they're used for muling guess who it is that gets their account banned and then a CIFAS marker ensuring they can't bank anywhere else? The desperate kid who needed the money, not the actual criminals behind it.

Yet another reason for regulating advertising. Why are these platforms not held liable as accomplices? I can't think of any legitimate reason for an ad to buy/rent someone's bank account.

Post by mytailorisrich » Thu, Oct 14, 2021, 2:53 PM UTC

valdiorn wrote: post #97

Angostura wrote: post #50

I had a long argument with HSBC UK Security a few years ago where I was completely unable to get the to understand they were putting their customers at risk. In the event that something looked strange on your account the 'HSBC Fraud Department' would text you and ask them to call you on a phone number. A phone number that didn't appear anywhere on their website. "We don't want it public. OK,well at least put it on a…

I had a similar experience from HSBC. They called me about a potential fraudulent claim. They asked for my DOB, card number, sort code, you know, to verify "that I am who I say"... all the stuff they SHOULDN'T ask, and stupidly I gave it all up. To be fair, I did because my card had been rejected literally 30 seconds before while trying to make a purchase. But it was only after the phone call ended that I realised wh…

Post by calvinv » Thu, Oct 14, 2021, 2:55 PM UTC

BiteCode_dev wrote: post #69

Johnyma22 wrote: post #5

Britain being where the victims are, not the criminals. Some reasons why Brits might be so so vulnerable: * Major: English speaking so common to be targeted from less affluent ex-commonwealth countries. * Major: Ageing population have most of the wealth. * Major: Lots of vulnerable victims online and relatively high social media engagement. * Major: Little fear of retaliation (other than Jim Browning). The UK is havi…

It's also because the britanic banking system decided that, on the safety / usability balance, they would choose usability. Banking in britanic banking system is way easier than anywhere else. I remember when I was a student, they sent a bus to the university, so we could just hop in, arrive at the bank, and open an account as an immigrant in 15 minutes. Try to do that in France, you would get your card, what, next m…

Post by brightball » Thu, Oct 14, 2021, 2:59 PM UTC