Consumers warned over 'combined' fake text and phone call fraud tactic

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Bank of Ireland is warning customers about a new tactic now being used by fraudsters to trick people into handing over their bank details.

There has been a major increase in the number of cases of fraud across Ireland which stemmed from the Covid-19 lockdowns.

Once they gain access to the accounts, funds are then transferred into money-mule accounts or spent immediately on expensive items including electrical goods. “Fraudulent text messages are now being followed up by phone calls from fraudsters to convince people to hand over their details.

 

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