Thousands of Iceland Bonus Card customers have been caught up in a security breach which saw criminals illegally access accounts and a large number of cards cancelled as a precaution, MoneySavingExpert.com can reveal.
Vision Direct customers who ordered online or updated their details earlier this month may have had their personal and financial data stolen, after the website was breached.
A new 'name check' service is being set up to tackle money transfer scams and lower the risk of online payments being sent to the wrong account – with some banks expected to start using it early next year.
Banks must not automatically assume their customers are at fault if they're targeted by sophisticated scammers, the Financial Ombudsman Service has said.
Two regulators have warned that pension scam victims lost £91,000 each on average in 2017, leaving them struggling to make ends meet during retirement.
Scammers are pretending to be from the Financial Ombudsman Service to try and trick victims into handing over personal information, the watchdog has warned.
A new code of conduct for the way banks treat victims tricked into transferring cash to a fraudster's account will come into force in September to tackle a surge in so-called 'transfer scams'.
MoneySavingExpert.com founder Martin Lewis has said he's "sickened" by a new scam which tries to trick victims using his name and profile picture on Facebook Messenger.
An advert for a 'Martin Lewis tax-free loophole' – which has nothing to do with the MoneySavingExpert.com founder – has appeared alongside a Yahoo news story about scam sites misusing Martin Lewis's name.
18 August 2017
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