Never miss an important update |
Click to get notified about important updates only. |
 |
Never miss an important update |
Click to get notified about important updates only. |
| |
We are sorry that you have opted out.
However, if you accidentally selected "Block" or you want to receive notifications in the future, then follow any of the following instructions.
Option 1
Option 2
1. visit to Chrome > Settings > Content Settings
2. click here Content Settings > Notifications > Manage Exceptions
OR
Copy & Paste in Addrsss Bar > "chrome://settings/content/notifications?search=notif"
3. Select Allow for https://www.99alternatives.com/
4. Refresh the page.
99 Alternatives
Opportunities are Infinite
In H1 2017, the total losses incurred through APP (authorised push payment frauds) scams was £101 million but this year the losses increased by £44 million. Such unauthorised transactions without the knowledge of the account holder are refunded by the banks but the victims of APP are unable to get back the lost money as the customer himself is liable to face losses if is transferring money to other’s account. The Industry Group UK Finance reports finds, in the initial six month of 2018, approx. £145 million have been stolen by scammers through the method of APP. This included the money that went into transactions where the account holder was unaware of the transactions (accounting for £358 million).
Such scams involve Purchase scam where the customer is tricked into paying for something, (such as products or services). One maybe tricked to pay for holidays, gazettes or cars, which are not delivered on making the payment. At least 3,866 cases of such transactions have been reported where the criminals posed as an authorised provider or representative of a financial institution and trapped people to pay i.e. transfer money, into their account.
The government authorities issued warning and advisory to prevent such frauds where the owner of the account has been asked to not to disclose security details, PIN or password to unknown, emails, phone calls or other wise.
The managing director of Industry group UK Finance Katy Worobec said about two-third of such frauds have been failed by the UK’s financial institutions but the representative of the consumer group Mr. Gareth Shaw suggested the banks need to use new sophisticated mechanisms to handle such financial frauds and integrate new ways to prevent transfer of money from one account to another. Many bank account holders are losing monthly wages, earnings and they are not getting enough protection to prevent it. He was however, appreciated the reimbursement offer for the victims.
It is one of the prevalent crimes where the money collected through such frauds is used to fund criminal activities. Also, the efforts made by the banks have failed to provide full proof safety.
How to prevent it?
People who are getting such calls or online messages should be careful not to transfer money online. They should not provide their bank account details such as the names, account number and the code. Do not agree to organizations asking for personal or banking details, especially, to those who are in a rush.
Do not panic or make payment in haste or you will regret later. Properly analyse the offer before making any payment.
To find out more about investment scams, click at 99 Alternatives
The most common Scam Investments include :
|
|
Read More About Protecting Yourself From Scams
Other common financial scams:
| Date | Time | Title | Post |
| No Discussions Available!! | |||
Web: www.nationalcrimeagency.gov.uk
0370 4967622
communication@nca.x.gsi.gov.ukThere has been a fall in the reports of pension frauds...
As per the reports, victims of social media platform...
The National Fraud Intelligence Bureau (NFIB) issued a...
It may involve hacking the system security or asking...
People have lost thousands of pounds in the UK on phone...
Two-factor authentication (2FA) can help protect your...
What is better Silver or Sterling Silver? We all know...
How much does Twitch Streamers Make? Man is fun-loving...
Shorting a stock is one of the most outstanding...
PayPal is a world leader that allows any business or...
PayPal is a digital commerce employer that enables...
We all keep purchasing and selling various products...
Copyright © 2021 99alternatives Ltd. All rights reserved.
Designed and Managed by Mont Digital
