Warning Over Rise of Intimidating Financial Phone Scams
An increase in financial phone scams in Northern Ireland has been identified by the P.S.N.I., Northern Ireland Trading Standards and local Financial Institutions.
£768.8 million was lost across the UK to financial fraud in 2016 and a new wave of phone scams is targeting older and vulnerable people. Research shows that 80% of phone scam victims are over the age of 55 and the ScamWise NI partnership has issued a fresh warning for people to be vigilant when contacted via phone for payments in relation to utilities, income tax or underpaid bills.
A pensioner from Northern Ireland recently lost her life savings in a phone scam when the fraudster (who claimed to be from HMRC) threatened her with arrest if she didn't transfer money from her bank account for a supposed underpayment of tax.
Remember that a genuine caller from a bank or financial institution will never ask you for your security details or PIN number over the phone and ensure that you don't disclose any personal details to callers that contact you out of the blue.
You can find out more information on the rise of phone scams and advice on what to do if you are contacted by a scammer by visiting the website for the Commissioner for Older People in Northern Ireland and also Scamwise NI.