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Page 2 of Fraud. Beware of the fraudsters. | ||
Brokers Online offers cutting edge articles and information about Life Insurance, Secured Loans, Remortgages and much much more.
Fraud is big business. This article explains ( life insurance policies ) six to watch out for.
Author: Michael Challiner
PhishingFraudsters are also highly active on the Internetpersuading bank account (online car insurance) holders to disclose their banking details, security codes and PIN numbers. The fraud kicks off with a bogus e-mail apparently from your Bank. The e-mail always explains that for security reasons, it needs you to confirm your account details. Often it says that unless you complete the security confirmation, your account will be frozen. But security is the least of their concerns - once the fraudsters have your bank details, they'll simply empty your account! You should be aware that Banks never ask you to send them ( life assurance ) confidential security details by e-mail or by any other method. If the Bank does need to confirm some confidential information, they'll usually ask you to visit a Branch. Identity TheftEvery four minutes an identity theft takes place in the UK. If fraudsters can get your personal details, they can apply for credit and open bank ( insurance ) accounts in your name. This inexorably leaves a trail of criminal activity and debt - all conducted in your name. All the fraudster needs is a utility bill in your name and a credit card or bank statement. So watch out for unauthorised bin men! Better still, shred any personal letters, bills and documents you need to dispose of. | ||
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home may be repossessed if you do not keep up your repayments on a
mortgage or any debt secured on it. Loans may be secured on your home or other property. Think carefully before securing other debts against your home. | ||
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