W2 renews its support for the TAKE FIVE to Stop Fraud campaign
During the most recent Emerging Payments Association (EPA) Financial Crime project meeting, we were all reminded of the Take Five to Stop Fraud campaign; simple & practical advice being made available to help everyone across the UK protect themselves from preventable financial fraud. Staggering to think that Financial fraud losses totalled £768.8 million in 2016. While the ‘innovative systems’ of the banks and other financial service providers may have stopped £6.40 in every £10 of attempted fraud, clearly - more needs to be done. Having reminded everyone across the W2 business this morning about the Take Five to Stop Fraud campaign; we took the opportunity to share the short introductory 30 second video as well as the headline advice from the website.
The idea being, to ‘ take five’ … stop and think when your financial information is at stake.
The FIVE POINTS to remember:
- Never disclose security details, such as your PIN or passwords.
- Don’t assume an email, text or phone call is genuine.
- Don’t be rushed – a genuine organisation won’t mind waiting.
- Listen to your instincts – you know if something doesn’t feel right.
- Stay in control – don’t panic and make a decision you’ll regret.
Using the advice offered by Take Five ( https://www.fca.org.uk/scamsmart) … we know of someone who only this week, raised a potential ‘Share, bond and boiler room scam’ with the FCA directly.
In the coming days and weeks, the W2 Marketing team will also be discussing how we push such insightful and helpful messages down to our clients and in turn, how such content can then be passed to their end-customers.