Here are a few of the type of tricks these scammers try: (i) Phishing: An email scam where you appear to get a message from a legitimate source, such as your bank. A link in the email goes to a fake website which collects your information. Never click the links in a suspicious email.
(ii) Investment scams: Generally a phone based scam. You are encouraged to hand over money to invest in a company or product, which doesn’t really exist. Report to the Financial Conduct Authority (FCA) or report it to Action Fraud on 0300 123 2040, or online at Action Fraud.police.uk
(iii) Pension scams: Since 2015, retirees are able to access large sums of money from pension pots. An unfortunate side-effect has been this group is now being targeted by scammers.
(iv) Authorised push payment fraud: The goal of this scam is to get you to voluntarily authorise a payment to the scammers. This often occurs when you’re in the process of buying a house, having building work done on your home or booking a holiday. Check the company you expect to be paying did send you the email and the bank details match.
(v) Safe account scams: You will be contacted, usually on the phone by someone claiming to be from your bank. They will say your account has been compromised and encourage you to transfer all of your money from your bank to a “safe account”. If you’ve been contacted by phone, just hang up.
(vi) Pharming: The scammers target a website you are visiting. You type in the correct website address, but you then get directed to a fake version, where you inadvertently put in your login details and secure information. Be observant when logging into websites and look-out for suspicious website addresses.
(vii) Smishing: Scammers will contact you by text claiming to be from your bank saying you need to update your personal details, or there is some kind of issue. Call the number on your card and find out if they have tried to contact you. Don’t click any links in text messages.
(viii) Door to door scams: These scammers knock on your door and try and scam you by trying to sell you a product or service. Anyone you suspect of trying to scam you should be reported to the police,
(ix) Dating fraud: Some fraudsters will connect with you on a dating website using a fake profile. Once you’ve become involved they will start asking for money.
(x) Taxman HM Revenue & Customs (HMRC): HMRC recently warned customers about hoax calls from scammers pretending to be the taxman. The caller tells you that you’re due a tax rebate and asks you for your bank details so the money can be paid into your account. There is no money and the scammer obtains your bank details for personal use.