The denial of service attack ran for two days from Wednesday 11 January to Friday 13 January, as Lloyds, Halifax and Bank of Scotland were bombarded with millions of fake requests, designed to grind the group’s systems to a halt. Usually in a denial of service (DOS) attack the criminals demand a large ransom, to be paid in bitcoins, to end the onslaught. … [Read more...] about Lloyds bank accounts targeted in huge cybercrime attack
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"It wasn't until October 2012 that I discovered the £1,000 was not showing on our joint account's monthly statement. Having moved over to paperless statements in 2010, I had been checking that my wages were leaving my business account held with HSBC at the end of every month. However, to my horror, I now saw they had never arrived in our joint Nationwide account. Scrolling back, the last time my wage appeared on our statement was May 2010. … [Read more...] about The £26,000 banking error
There are many financial frauds that directly target customers, such as phishing emails and phone- and text-based scams. However, among the biggest growth areas are impersonation and deception scams where fraudsters hack into someone’s email account and then pose as the builder, solicitor, landscape gardener or other tradesperson that the consumer has legitimately employed. Typically, the victim receives an invoice via email, which does not rouse suspicion because they were expecting it. It looks authentic and is usually for the correct amount – however, unbeknown to the consumer, the bank account number and sort code have been changed to those of the fraudster. … [Read more...] about Which? files supercomplaint against banks over transfer fraud
It also emerged this week that Laura claims she went into a Nationwide branch back in 2010 to report that money had started appearing in her account. Internal Nationwide emails reveal she claims a member of staff told her the payments “were for her” – but the society says it was only after it wrote to Laura to ask her to repay the money that she mentioned this. “We investigated this claim at the time she made it [in 2012], and could not find any evidence of her having alerted us. If she had, it would have triggered a process that would return the payment to the sending bank,” the society told us. … [Read more...] about I paid £26,000 into the wrong account – and only got £800 back
While the PSR will not make banks liable for losses immediately, it said it would keep monitoring the situation. “As work progresses and additional evidence comes to light, we will consider whether it is appropriate to propose changes to the obligations or incentives that banks have for these types of scams,” the PSR said. … [Read more...] about Bank scam victims left high and dry by regulator, says Which?