There are occasions when your bank will need to get in contact with you and in order to do this, they may call you. When they do call you, they need to ensure that they are speaking to the right person and this is when they ask you some security questions. However, when phone scammers call you PRETENDING to be your bank, they will be asking you questions which helps them to gain access to your bank account and transfer money out of it.
The way you can tell the difference between legitimate bank calls and phone scammers is by the questions they ask. Often your bank will ask questions such as “what is the 4th letter of your password” which gives them the security clearance they need without you giving them and personal information. Phone scammers on the other hand will ask for full answers such as your maiden name, full date of birth etc. If in doubt, hang up and ring your bank back on the number that is printed on the back of your bank card or on official bank details.
Learn has identified the wrong number.
Looking after your hard earned money should be easy, especially in the safety of your own home. But when phone scammers keep coming up with new ways to try and take your money from you, protecting your cash can be a difficult
Phone scams are something that the majority of people are relatively acquainted with. Most of us know that if someone calls pretending to be a foreign prince who needs you to send them money
In a simpler time, phone scams were not all that common. Though phone scams in general have been around for quite a while, these scammers used to just be individuals working to steal money.