by TerranceBoyce
Mon Mar 31, 2014 10:06 am
http://www.fwi.co.uk/articles/31/03/2014/143962/yorkshire-farmer-loses-163100k-in-phone-scam.htm
This is currently a very common fraud in the UK based on a quirk in the phone system and, in view of the amount involved in this example, it's worth repeating the warning as the potential losses can be devastating.
This is currently a very common fraud in the UK based on a quirk in the phone system and, in view of the amount involved in this example, it's worth repeating the warning as the potential losses can be devastating.
31 March 2014
Fraudsters telephoned the farmer and told him there had been “unauthorised transactions” taken from his online banking account.
But while the farmer telephoned the number, the fraudsters somehow intercepted the call and stayed on the line.
They asked the farmer some false security questions and managed to convince him to authorise two transactions totalling £100k, split between two bogus accounts.
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