Banks take steps to protect customers from a wave of coronavirus-related scams in the US and the UK


While the British are sent home, some banks have said that customers have already been attracted to fraudsters who have come forward as representatives of banks, government or health care providers, to persuade victims to hand over their passwords or other data sensitive.

Fraud is also on the rise in the United States, where regulatory authorities have warned of investment and data theft scams.

In the United Kingdom, Barclays, HSBC, Lloyds Banking Group and Royal Bank of Scotland have launched social media campaigns to cover up these frauds. Metro Bank has announced that its anti-fraud team is operating permanently to assist affected customers.

Banks said that scammers used several methods to rob people. Phishing emails, authorized bank transfers, and schemes involving the purchase or sale of goods or services are on the rise, along with more complex “payment hijacking” frauds, designed to force companies to make large payments in cash.

One such example is that some business owners were asked to pay £ 25,000 ($ 29,370) to a fake government support initiative called the “Central Employers Scheme”, created to cover sick pay during the epidemic.

A UK bank source said another victim made a significant payment to a “COVOID bond”, fraudulently linked to the British government.

Banks said that such printing errors were often deliberately committed by fraudsters to give authenticity to the request, especially if the sender appeared as an executive director or a colleague asking the recipient to take swift action.

A UK bank source said another customer was persuaded by email to send a cross-border payment to a fake account after fraudsters said the legitimate account was “frozen by the Greek government”.

“This virus will not stop criminals and fraudsters, on the contrary, it will encourage them. At present, I am more worried than ever in this regard, “said Richard Meddings, president of TSB retail bank.

“People will be home, they will receive phone calls and texts from people claiming to be their banks, where they will be asked about canceled events and travel plans and will offer refunds,” he warned.

In the United States, the US Federal Deposit Insurance Corporation, the regulator that provides customer deposits, said last week that fraudsters exploit people’s anxiety and confusion to steal personal data, such as birthdays and security numbers. social media, through texts and social media.

Many banks in the US have discontinued their activity or are encouraging customers to use online banking to slow the spread of coronavirus. This created opportunities for fraudsters, who asked depositors to hand over their data, saying that their current lender is about to collapse.

In Italy, UniCredit management sent employees a note warning of a bank’s anti-security campaign and asked them to be more vigilant in receiving emails, SMSs and WhatsApp messages related to coronavirus.


Please enter your comment!
Please enter your name here