Warning issued after fraudsters target high-value accounts for sophisticated scams
Cyber Defence Alliance warns scammers are using specialised software to steal millions
- UK businesses, charities and high-value bank account holders are being targeted by a sophisticated scam involving fraudsters gaining remote access to their online banking.
- Criminals initiate contact via phone calls, posing as legitimate bank fraud teams, often after a text message, to deceive victims into granting access.
- Victims are directed to fake bank websites, where they are tricked into installing software that grants fraudsters remote access to their devices and online banking platforms.
- The Cyber Defence Alliance reports that this scam has led to losses of tens of thousands of pounds, with some individual accounts losing over £1 million.
- Organisations like the CDA, Cifas and UK Finance are collaborating to raise awareness, urging people to be cautious and report suspicious calls to their bank using official contact methods.