As we move into 2022, here’s a summary of current fraud trends, what we learned in 2021 and what to look out for in 2022 to keep yourself and your money safe.
** Warning – Ebury Impersonation Scam **
In January we saw reports of fraudsters impersonating Ebury in an attempt to gain sensitive information from our clients.
One scam saw clients receive a code or one-time password (OTP), followed by a call from a fraudster spoofing Ebury’s UK office number. The fraudster then requested the OTP received via text.
If you receive a text or call of this nature, please hang up and block the sender. Ebury will never request sensitive information such as a one-time password from you via telephone.
Authorised Push Payment Fraud
In 2021, it was widely recognised that APP fraud was the fraud of choice, with APP fraud losses in the UK increasing by a staggering 71% in the first half of 2021. At Ebury, this is also the most common fraud typology we see and there are 3 main causes:
- Email Hacks
A supplier’s email address is hacked without our client’s knowledge. Our client is provided with new bank details to pay, leading them to pay the fraudster’s account. - Email Spoofs
The fraudster creates a spoofed version of the genuine supplier’s email address and emails our client with new bank details when a payment is due. Our client does not notice that the email address has changed and makes the payment. - Scams
A client falls victim to a purchase scam, transferring…
