Save Money fraud

Published on October 22nd, 2014 | by Pete


Fraud Online – Do We Really Need to Worry?

The internet is great. It allows us to pay our bills in our pants, buy the final gnome for our collection, or watch videos of cats jumping around running onto walls, and generally being hilarious. Unfortunately, there is a darker side to the internet too. Internet fraud is a real problem, and one that we can all fall prey too if we are not careful. I’m too often hearing about lonely people who have been cheated out of their life savings by people sat somewhere in Africa, and my inbox is often inundated with people trying to leave me their inheritance, or share a massive lottery win with me.


Online fraud is something that the banks are becoming ever more wise to. “Being defrauded is a devastating experience for anyone, which is why we are launching this campaign,” said Anthony Browne, the chief executive of the British Bankers Association (BBA). “The more people know about fraud, the less likely they are to become victims,” he said.

So what should we be looking out for? Here is a list of things that banks will never ask of you:

• Ask for your full Pin number or any online banking passwords over the phone or via email
• Send someone to your home to collect cash, bank cards or anything else
• Ask you to email or text personal or banking information
• Send an email with a link to a page which asks you to enter your online banking login details
• Ask you to authorise the transfer of funds to a new account or hand over cash
• Call to advise you to buy diamonds, land or other commodities
• Ask you to carry out a test transaction online
• Provide banking services through any mobile apps other than the bank’s official apps.

Some banks, such Santander (who offer good mortgage choices too), are doing more to protect their customers. The internet is a wonderful place, full of fun and frolics. However, it is also a place to be very careful in. Take care out there, and make sure that your next visit to check out some of those cat videos doesn’t lead you to a place of chaos and regret.

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