News

Take Five - and stop scams

Wise
05.10.23 (updated more than 1 year ago)
Read time 1 minute

At Wise, we take scams seriously. We know the devastating impact that scammers can have on people’s lives, and we know that it’s getting harder to spot scams as they become evermore sophisticated.

Which is why we’re proud to be a part of the UK Finance Take Five campaign. The campaign provides straightforward, impartial advice that helps prevent email, phone-based and online fraud.

Its advice is simple, but hugely important: stop, challenge, protect - three steps that can be the difference between being scammed and protecting your money and yourself.

Next time you receive a request asking for your financial details, a payment or something else related to your personal details, take five and check each step.

STOP

Take a moment to stop and think before parting with your money or information, this small pause could keep you safe.

CHALLENGE

Could it be fake? It’s ok to reject, refuse or ignore any requests. Only criminals will try to rush or panic you.

PROTECT

Contact your bank/financial institution immediately if you think you’ve fallen for a scam and report it to Action Fraud, the national fraud and cyber crime reporting centre.

Financial fraud can take many forms, shysters flog fake tickets, pretend to be love interests, pose as the police and try any number of other guises to scam. Take Five is a great resource for learning about these different forms of fraud, and what to do if you think you’re a victim of a scam.

Over the coming weeks, we’ll be publishing more blogs to help you avoid being scammed. First up, we’re covering impersonation scams.

If you believe you’ve fallen for a scam, contact your bank or financial institution immediately on a number you know to be correct, such as the one listed on your statement, their website or on the back of your debit or credit card.

Report it to Action Fraud on 0300 123 2040 or via actionfraud.police.uk. If you are in Scotland, please report to Police Scotland directly by calling 101 or Advice Direct Scotland on 0808 164 6000.

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

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