NatWest has warned its customers that attempted fraud and scams are on the rise. The high street bank has urged customers to exercise caution and stay vigilant as they're at risk of being swindled.
This week the high street giant, which has bank branches across the UK, has issued a scam alert to many of its customers. They have also set out how customers can keep their money safe and avoid any potential scams.
According to a recent report more than seven in 10 adults are being targeted by scams as fraudsters and scammers try to cash in on desperation amid the cost of living crisis and financial strife being felt by many in the UK. The scams on the rise include phishing scams, with 37% of people in the UK being targeted, and trusted organisation scams (21%) like fake HMRC or energy company texts. Refund scams (13%) are also on the rise as are friend or family scams (12%) and get rich quick scams (9%). For money-saving tips sign up to our money newsletter here.
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But there are ways of staying vigilant and keeping your money safe. As NatWest issued a scam alert to many of its customers it also noted how they could avoid falling for a scam.
The high street bank has warned its customers to never give away their full password, pin, as well as full card number, expiry, and security number. They said: "It’s now much easier for fraudsters to get hold of information. So don’t trust a cold caller just because they know some of your personal details. Even if it looks like your bank calling."
They have also warned customers to watch out for links in emails asking you to hand over your personal information. They've also recommended that customers turn on push notifications using their mobile app so they’ll get alerted about any new account activity. Additionally customers can use their app to set up biometric approval, which would then lead them to 'My Security Profile', which has tools and tips to help keep their money safe.
And perhaps the most important tip is if you find yourself in situation where you feel uncomfortable or suspicious about anything then don't be afraid to say "no". It is then worth calling your bank by using the number on the back of your card to report any attempted fraud or activity on your account that you don't recognise.
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