YOU SUCK Fraud victims hit twice after ‘sucker lists’ containing details sold on by gangs, warns banking boss
VICTIMS of bank scams may end up on “suckers’ lists” which are sold on by criminals, according to TSB – meaning they could be targeted more than once.
These lists of people who have previously been conned include their personal and financial information.
They are circulated between organised crime groups and can be bought on the dark web.
The lists are one reason why the epidemic of bank fraud sweeping the UK requires a stronger national response, according to TSB’s head of fraud.
Ashley Hart told The Sun that the growing problem is being fuelled by crime gangs that are hiring scammers to steal money for them in a bid to raise funds.
Mr Hart said: “Bank fraud is modern day robbery and has become the crime of our generation.
"It is funding other crimes, and needs to be tackled with a stronger response on a national level.”
Thirteen organised crime groups were disrupted in first half of 2019, double the number in same period last year, banking trade body UK Finance found.
During the same period, bank victims lost £207.5million – more than £1.1million a day. But only £39.3million was refunded.
To tackle the problem, Mr Hart wants more funding for police forces, better training for detectives, more support for the National Fraud Intelligence Bureau - and more support for victims.
But Mr Hart adds that the best way for people to protect themselves from being scammed in the first place is to simply hang up if they have any doubts about a caller attempting to extract personal details.
Fraudsters typically harvest bank details from customers using “phishing” or “smishing” - sending fraudulent emails and text messages respectively.
These appear to be from a bank or other official organisation but trick you into sharing sensitive information.
Scammers also probe bank defences and use data breaches to get information.
Sim swap frauds are also on the rise. In the hands of fraudsters, a sim swap can be a way to take over the customer’s mobile number.
In April, TSB announced a Fraud Refund Guarantee to ensure the bank’s 5.2million customers are protected if they are an innocent victim of fraud - whether it’s through unauthorised transactions on their accounts or by being tricked into authorising payments to fraudsters.
Business owner Andrew Sykes nearly lost his livelihood after falling victim to scammers who stole £13,000.
But other banks have been slammed for refusing to hand back millions to fraud victims - despite a new code of practice taking force in May.
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