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#216354 by TerranceBoyce Tue Aug 26, 2014 9:32 am

26 August 2014

Victims of a telephone bank scam have been conned out of £650,000 in the last six weeks.

In the scam known as "vishing", victims are told that there has been suspicious activity on their account and are advised to transfer their money to a different account.

This is just in one UK city and the annoying thing is that it's been going on for many months and relies on a peculiarity in the UK phone system that allows a caller to retain control of the line even after the receiver thinks he/she has terminated the call. Th phone companies stated that they were going to remedy this situation that would prevent this fraud but apparently nothing has happened.

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