Five cost of living scams that could empty your bank account

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Criminals are capitalising on the cost of living crisis

by targeting Brits with fake offers of utility bill discounts and support payments. Personal finance experts Vouchers.co.uk have investigated the potential losses of five circulating cost of living scams, to reveal how much you could be at risk of losing.

“The best advice we can give is if the offer seems too good to be true, it usually is. To check an offer’s authenticity, close down the application whether it be a call or a text and access the relevant account on a different device. If your offer is valid, the customer service team at the relevant company will be able to verify this or confirm if it’s a scam.

One unlucky customer from Ireland answered the call, in which the criminal was offering the discount and needed to verify her identity to apply the discount to her account. He claimed O2 would send a security code which she would need to repeat. Little did the victim know that this code would be from the real O2 and would be the security code the scammer needed to access her account.

 

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