Bank Impersonation scams are still occuring and have reached alarming levels with figures released indicating that victims of bank transfer scams are losing £28,000 every hour (Source: UK Finance/Which?). These scams, also called Authorised Push Payment (APP), involve fraudsters pretending to be from your bank. The victim is advised they need to transfer money to a ‘safe’ account and asked for personal details such as pin and account numbers. Often the phone number of your bank has been cloned to appear genuine. Your bank will never unexpectedly call asking you to transfer money. Always hang up and call your bank independently.
