Clever scam.

[tut]

Listening to the radio today to hear two elderly women being interviewed who had their bank accounts wiped out of £65K and £50K.

They had a phone call purporting to come from their bank informing them that their card had been used in Spain for a £400 transaction and checking was it for themselves. Obviously not, so they were told that their card would have to be blocked, and they were to call the security tel no on the back of the card and follow the instructions. The clever part is that somehow the scammers kept the line open and the call went back to them, so the old dears then followed the patter that their account would have to be closed and a new one opened and their savings transferred over. They then gave all the information for the scammers to transfer it all over to their own mule account.

We all know that the bank will never ask you for your complete password, but it is easy to see how they were conned. The bank of course said that they had handed over all their security information voluntarily, so there was no case for compensation.

tut

[renmure]

"the clever part" is the scammer just not hanging up the phone at the end of the call so that when the person makes the next call, the line is still open and they are back through to the scammer or their accomplice.