New banking scam
Fraudsters open ‘twin’ account next to your real one.
A startling case of bank fraud has exposed the routine failure of current account providers to check applicants’ information.
Halifax customer Mark Mansfield discovered a criminal had opened another Halifax current account online in his name, despite the fraudster providing fabricated information about his salary and employment details.
Halifax since admitted to Telegraph Money that these details are not always double-checked. Security experts say a failure to conduct such verification lays the bank – and its customers – open to a range of financial crimes. Read the full article Telegraph