Have you lost with fraud ???


Sorry don’t get conned.

“Criminals have pilfered a total of £503.4 million from the clients of British banking institutions during the first half of 2018, according to a new report from UK Finance. The organization revealed that £145 million was stolen from bank account holders through authorized push payment (APP) frauds, where individuals are conned into sending money to another bank account. Also, this type of fraud leaves customers with no option for recovering their funds.

The remaining £358 million was reportedly lost to other forms of unauthorized scams, including transactions created without the account holder’s knowledge, though they can still regain their lost money. Among all forms of APP scams, purchase scams through which people are duped into spending money on goods and services which do not really exist are the most prevalent, comprising 63% of all instances, during the first six months of 2018, according to UK Finance.” Neowin


“These criminals are said to be using the funds they have stolen from multiple bank accounts to fund terrorism and drug trafficking activities. While industry claims that it is trying to address these problems, those efforts are seen to be insufficient as scammers continue to victimize many people.”

It is in Aussie to!

What Bear does …

  • account that Bear makes purchases from only has sufficient balance to cover purchase
  • never give out you bank details
  • always uses PayPal if possible
  • use Ebay if possible
  • Amazon has not been the cheapest in Aussie (freight)
  • I have a Visa card and use for purchases but don’t let them save details?
  • check bank and Visa details regularly
  • runs security software on my computer and phone (MalwareBytes)

What do you do?

You have to look after yourself got it? You have to be financially aware enough not to be financially conned because no Government can protect you, impossible for any Government.



Bear signature

PS: I want to add that the Aussie Police both Federal and the Border Force are extremely capable and do catch them.


2 thoughts on “Have you lost with fraud ???

    1. Bear Post author

      Just have a transaction account that money is transferred to and from sufficient enough for my spending. Use internet banking for transfers from a savings account.



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