The UK’s financial regulator has warned of an increasing number of scammers pretending to be the watchdog.
The Financial Conduct Authority (FCA) said its impersonators aim to get people to hand over money or sensitive information, such as bank account PINs and passwords.
The public reported more than 7,700 instances of this type of scam to the FCA’s contact centre so far this year.
The public reported more than 7,700 instances of this type of scam to the FCA’s contact centre so far this year.
It added that a common tactic used by fraudsters was to tell people they were owed compensation, and then ask for bank details or a processing fee to arrange “payment”.
The FCA said it did not contact people in this way, and that anyone asked for personal information should hang up the phone or ignore the email.
Steve Smart, an executive director of enforcement at the FCA, urged anyone concerned that they had been contacted by a scammer should check the FCA website.
The UK’s financial regulator has warned of an increasing number of scammers pretending to be the watchdog.
The public reported more than 7,700 instances of this type of scam to the FCA’s contact centre so far this year.
The Financial Conduct Authority (FCA) said its impersonators aim to get people to hand over money or sensitive information, such as bank account PINs and passwords.
It added that a common tactic used by fraudsters was to tell people they were owed compensation, and then ask for bank details or a processing fee to arrange “payment”.
The public reported more than 7,700 instances of this type of scam to the FCA’s contact centre so far this year.
The public reported more than 7,700 instances of this type of scam to the FCA’s contact centre so far this year.
It added that a common tactic used by fraudsters was to tell people they were owed compensation, and then ask for bank details or a processing fee to arrange “payment”.
The FCA said it did not contact people in this way, and that anyone asked for personal information should hang up the phone or ignore the email.
Steve Smart, an executive director of enforcement at the FCA, urged anyone concerned that they had been contacted by a scammer should check the FCA website.
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