Six red flags spotting you’re a target of scam
How to Spot and Stop Modern Banking Scams
Matthew Sanders from alternative banking solution Suits Me has warned that fraud reports are hitting record levels across the UK, and many people are falling victim to clever phishing tactics.
Key Signs a Scam is Underway
- Unexpected calls claiming to be from your bank – never ask for your full PIN or password over the phone.
- Requests to move money to a new account – real banks never direct customers to transfer funds for security reasons.
- Urgency messages that say your account has been compromised – scammers use panic to stop you from thinking clearly.
- Links in emails or text messages – avoid clicking; instead, open your bank’s app or type the official website address directly into your browser.
- Social‑media posts about your personal data – date of birth, address and family details can be used to create a legitimate‑looking identity.
What to Do Before Responding
- Hang up immediately if you receive a call asking you to move money.
- Call your bank using the number on the back of your card if you’re unsure about any communication.
- Check your bank statements regularly for unrecognised transactions, even small amounts – scammers test accounts before large fraud.
- Look for the padlock symbol in your browser’s address bar before entering payment details on any website.
- Verify the website’s email address for customer service and avoid prices that seem too good to be true.
Why Your Online Shopping Safety Matters
Since the pandemic, online shopping scams have surged, with criminals creating perfect copies of popular retail websites. By focusing on the padlock symbol, checking spelling, and scrutinising customer service email addresses, you can protect yourself from becoming a victim.
Stay alert, keep your personal data private on social media, and double‑check any unexpected messages before taking action. A genuine bank will always give you time to think, whereas scammers create urgency to make you act without thinking.
