Scam Alert

 UK banks are stepping up fraud prevention measures to protect customers from scammers eager to exploit the Coronavirus pandemic with a whole range of new tricks, including promoting bogus government relief schemes. 


With British households effectively on lockdown, some banks said customers had already been caught out by fraudsters posing as banks, the government and even health service providers persuading victims to hand over passwords or other sensitive data. 


Fraudsters are using the coronavirus outbreak as an opportunity to scam pension savers out of their retirement savings, according to a report. Action Fraud said there have been 105 reports of Coronavirus-related fraud since 1 February 2020, with total losses amounting to £970,000. 



Most reports were related to online shopping scams, specifically targeting people who had ordered protective face masks and hand sanitiser. Coronavirus-themed phishing emails offering bogus investment schemes and trading advice have been reported. Fake tax rebate scams have also been reported.