{"id":3749,"date":"2019-05-06T07:30:54","date_gmt":"2019-05-06T06:30:54","guid":{"rendered":"https:\/\/www.dataleaklawyers.co.uk\/blog\/?p=3749"},"modified":"2019-05-03T16:27:09","modified_gmt":"2019-05-03T15:27:09","slug":"rising-funds-transfer-fraud-incidents","status":"publish","type":"post","link":"https:\/\/www.dataleaklawyers.co.uk\/blog\/rising-funds-transfer-fraud-incidents","title":{"rendered":"Rising funds transfer fraud incidents"},"content":{"rendered":"

Data suggests that there\u2019s been a rise of funds transfer fraud (FTF) in the UK, and with real-time and faster payment processes commonplace these days, we\u2019re not surprised.<\/p>\n

Incidents of funds transfer fraud can be linked with data breaches as well. Whether it\u2019s a bank or financial institution that\u2019s hacked \u2013 the Tesco data breach being one example<\/strong><\/a> \u2013 or a scam that\u2019s linked to a data breach, we have to ask the question: what more could have been done, and who\u2019s responsible?<\/p>\n

It can only take a little bit of information in the wrong hands to do some serious damage. People have fallen victim to scams that are directly related to big data breach incidents. A rise in FTF is a concern.<\/p>\n

<\/p>\n

Attacks and incidents of funds transfer fraud increasing<\/strong><\/h3>\n

We understand that malware, ransomware and other attacks that go hand-in-hand with incidents of funds transfer fraud are on the rise in the UK, as well as FTF itself.<\/p>\n

As criminals can master new techniques to make themselves look as convincing as possible, people are falling for scams. From legitimate-looking emails that send you to legitimate-looking websites, to scam calls that feel like the real thing, it\u2019s easy to see how people can become a victim.<\/p>\n

But data breach incidents are also linked to these problems too. Did you know, for example, that scammers have been contacting TalkTalk customers pretending to be the company itself in the wake of their monumental 2015 data breach<\/strong><\/a>. Some of the victims we\u2019ve helped have told us of their harrowing experiences that led to funds transfer fraud incidents.<\/p>\n

One of the biggest issues from what we have been informed was that the criminals seemed to know information such as:<\/p>\n