FCA warn of rise in scams during Cost-of-Living Crisis

More than 73% of people in the UK have been targeted by scammers over the past three months, as fraudsters attempt to take advantage of the cost-of-living crisis, according to new figures cited by the FCA.

As rising living costs continue to impact households throughout the UK, the FCA has warned that financial crime is to become “even more prolific” through scams such as ‘Loan Fee Fraud’ and ‘Authorised Push Payments’ (APP).

At Newry Credit Union, the privacy and safety of our members is of utmost important to us. Therefore, in light of this announcement, we want to remind our members of the importance of staying vigilant against potential scams.

  • Do not click on any links from an untrusted source. These links can be sent to you via text or email. If the message looks suspicious, do not click on the link.
  • Do not disclose your personal information, such as your bank details, to an untrusted source. If you receive a text or email saying there is a problem with your account, always visit the website directly and log in to your account to check if there are any issues.
  • If in doubt, always contact the company directly on their official phone number to confirm if they are trying to contact you.

To read the original article, click here.

If you ever receive anything suspicious that claims to be from Newry Credit Union, please let us know immediately by calling us on 028 3026 3840.