Scams have become a widespread issue in the UK, with millions of pounds stolen from victims every year. UK Finance reported that £1.17 billion was lost to fraud in 2023. You might assume that your bank will not refund you, but this isn’t always the case. This article will explain whether banks refund scammed money,Read more
BBC’s The Traitors has captured the minds of more than 10 million viewers. Now in its 3rd UK season, the TV show, based around lying and deceiving those around you to win thousands of pounds in cash, shares many elements with tactics employed by scammers. They befriend their targets. They work together, often seemingly towardsRead more
Image: Project 365 #45: 140219 That’ll Do Nicely, 2019 (Pete CC BY 2.0) With over 45 million customers worldwide, Revolut is one of the most popular ways to bank. However, as its popularity grows, so does its appeal to scammers. In 2023 alone, Revolut was named in nearly 10,000 fraud reports to Action Fraud, significantlyRead more
In the first half of 2024, nearly 5,000 cases of internet banking fraud were reported, marking one of the highest quarterly levels of fraud and scam complaints on record. With scams becoming more sophisticated and widespread, many victims are left wondering: Will Santander refund scammed money? In this article, we’ll explain Santander’s policy on scams,Read more
Image: Barclays Bank Branch Manchester, 2019 (Money Bright CC BY 2.0) Barclays is one of the UK’s largest banks, with over 20 million customers in the UK alone. Given the sheer scale of fraud in the UK, Barclays customers are a prime target for scammers. In this post, we’ll outline the most common scams targeting BarclaysRead more
Bitcoin is the most well-known and valuable cryptocurrency – a type of digital asset that operates independently of banks and governments. It has attracted a great deal of attention in recent years for its rapid price surges. Bitcoin is a uniquely accessible investment opportunity that can offer significant returns even to smaller or less experiencedRead more
Image: Santander Bank Branch Manchester Exterior, 2019 (Money Bright CC BY 2.0) Santander customers, like those of other banks, have unfortunately been victims of several elaborate scams. Fraudsters are clever, and so are their tactics. This is why staying informed on the latest scams and what to look out for is important now more than ever.Read more
The pig butchering scam is a fast-growing and extremely destructive form of cryptocurrency fraud. It involves scammers gradually building trusted relationships with their victims before encouraging them to contribute to fraudulent investment schemes. A recent investigation identified 168 UK companies operating fraudulent crypto or foreign exchange trading schemes – half of which are thought toRead more
Scammers are becoming very sophisticated in their tactics. People often find themselves victims to fraudulent schemes, leaving them vulnerable and unsure of their options. A common question people ask is “will Barclays refund scammed money for funds lost in these scams?” Common Types of Scams Scammers employ various tactics to deceive individuals, often targeting thoseRead more
In the UK, fraud now accounts for roughly 40% of all crime in England and Wales, at an estimated cost of £6.8 billion per year. As a result, the threat posed by scams is widespread. Nearly three-quarters of people in the UK were targeted by scams last year, with 19 million losing money as aRead more
