© 2022 Beat The Fraudster
by Doug McAdam
THE SAFE ACCOUNT SCAM (also known as) 'PUSH PAYMENT FRAUD'
Push Payment Fraud
So named because the scammers convince you to authorise the payment to the scammers, thus you push the money.
How it works
It starts often with a text message asking for £1-2 such as parcel delivery.
If you click and pay, it will be followed up by a phone call from your bank.....or so you think.
They convince you they are from your bank and your bank account is under attack - using the tools below.
Number spoofing
When customer support staff call you back from a different office location or even home working, their computer software sends out the main office number, so you know who it calling; this was the genuine application.
Fraudster use the same software to make you believe they are calling from your bank.
The problem, they catch you during a busy or stressful time, they put the pressure on and you panic and don't have the time to think clearly.
Bank Card Numbers (debit, credit, charge & store cards)
The first 4 digits of all bank cards globally are unique to your bank; it tells the banking world who your bank is so they can bill your bank knows.
Once you have fallen for the text above, the fraudsters know which bank you are with, thus know which phone number is on the back of your card and then display it on you caller I.D.
TIP: A bank staff member told me, they are running out of account numbers they don't have enough account numbers to go issuing new account numbers - THERE IS SO SUCH THING AS A SAFE ACCOUNT.
TIP: Banks will NEVER ask you to move money to any new bank account.
Doug is a fraud prevention enthusiast and loves to help other people protect themselves from being scammed by fraudsters.
E-mail: mail@beatthefraudster.com
(email mailbox has been fixed, in case you tried to email me 2022-2024; sorry for any inconvenience).
© 2022 Beat The Fraudster