The increase in the number of reports being sent to Action Fraud is in part linked to the system issue some TSB customers have experienced over recent weeks. Opportunistic fraudsters are using TSBâ€™s system issue to target people with this type of fraud. TSB, or any bank, will never ask for a PIN, password or full memorable information by email or text.Â
Fraudsters are commonly using text messages as a way to defraud unsuspecting victims out of money. This is called smishing (SMS + fishing). Of the smishing attempts reported to Action Fraud, 80% requested that the recipient click onto a website link. The second most common delivery technique reported has been email.
Fraudsters are using specialist software which changes the sender ID on text messages so that it looks like messages are being sent by TSB. In some instances, this spoofed text is being added to existing TSB message threads on victimâ€™s phones.
Should someone click on the link within a spoofed text message and enter their personal information, the fraudsters then call the victim back and persuade them to hand over their one off code from their mobile phone. The fraudsters can then empty the victimâ€™s account.Â
Director of Action Fraud, Pauline Smith, said:
â€œWe have seen an increase in opportunistic fraudsters sending text messages claiming to be from TSB that ask people to reply with their personal or banking details.Â
â€œThis can have a devastating effect on people, who can lose out on large sums of money.
â€œDonâ€™t assume anyone whoâ€™s sent you a text message is who they say they are. If a text message asks you to make a payment, log in to an online account or offers you a deal, be cautious and report it to Action Fraud.â€
A TSB Fraud spokesperson said:Â
â€œWhile our systems are safe and secure, unfortunately fraudsters are increasingly sophisticated and looking to take advantage of situations like these by approaching customers.Â
Protecting our customersâ€™ information is our number one priority. We are doing all we can to ensure customers donâ€™t become a victim of fraud, whether they bank with us in branch, online or via the telephone and this is something we are working on with Action Fraud and a number of external organisations. We are also working with these organisations to help them identify fraudulent sites so we can take them down as quickly as possible.â€
Donâ€™t assume an email or text is authentic:
Always question uninvited approaches in case itâ€™s a scam. Phone numbers and email addresses can be spoofed, so always contact the company directly via a known email or phone number (such as the one on the back of your bank card).Â
Clicking on links/files:
Donâ€™t be tricked into giving a fraudster access to your personal or financial details. Never automatically click on a link in an unexpected text or email. Remember, a genuine bank will never contact you out of the blue to ask for your full PIN or password.
Action Fraud is the UKâ€™s national fraud and cyber crime reporting centre, providing a central point of contact for citizens and businesses. The National Fraud Intelligence Bureau (NFIB) also hosted by the City of London Police, acts upon the information and crimes reported to Action Fraud, developing and disseminating crime packages for investigation locally, regionally and nationally. The NFIB also execute a range of disruption and crime prevention techniques for victims across all sectors to target criminality and engineer out the threat from fraud and cyber crime.