A whistleblower handed the Mail a memory stick containing thousands of Barclay’s customer files, which is allegedly just a sample of a wider database containing information on 27,000 customers.
The file includes sensitive information about customer’s earnings, savings, mortgages, health issues and insurance policies. These files were compromised and sold to boiler room scammers for up to £50 per file. The stolen data may be as detailed as providing information about each customer’s occupation, health, marital status, and even their investment habits.
These information may then be used by scammers in understanding the investment attitude of customers and use this for fraudulent activities like the sale of carbon credits, diamond, rare earth metals and different kinds of commodity scam. As explained by the whistleblower, the Barclay file is:
pure gold to brokers (who must have made a fortune out of it) because it gave them a psychological edge over potential investors – their victims. Because of its detail it allowed the brokers to get inside the minds of their targets. They knew exactly how much money these people were prepared to invest and their attitude to risk.
These fraudsters who act as „loaders“ or brokers can earn up to 40 percent a deal as investment sale commission. Contracts that may seem legal and valid would even include an „exit clause“ – the date when the ROI is expected. But before this happens, the fly-by-night scammer closes shop and disappears, only to open another one after a while.
tellows UK also received a number of complaints in relation with this scam. 01614510965 was cited as harrasment call by user Annoyed:
Said they were Barclays but would’t give any information until I gave my details to this random person at this random number. Ridiculous obviously declined and asked them to write instead they haven’t, not suprised. Do not hand your details over the phone ask them to write to you and remove your contact number from their system.
RJG also reported the number 08000852652:
Scam! Contacted Barclays and it is not one of their numbers. Been passed on to the Fraud Department
Initial investigations by Barclays suggest that the massive theft of data may be linked to its former Barclays financial planning business which ceased operating in 2011 and said the leaked data originated from 2008 or earlier.
Barclay may face charges for failing to protect customer data. The case is being investigated by the Information Commissioner’s Office, the police and the Financial Conduct Authority.
Ratan Kumar, a 41-year old Indian villager came to the BBC Delhi office last month to claim his prize in a “BBC lottery” worth millions of rupees, only to know that he was scammed.
Ratan said he got a text message two years ago saying that he won the BBC’s national lottery for 20 or 30 million rupees (£194,000-£292,000). Unemployed, Ratan fell for it, communicated with the scammers until November last year, and sent his personal details.
The perpetrator presented himself to Ratan as the chancellor of BBC. “He promised me a large sum of money but said I would have to first send 12,000 rupees ($191; £117) so that he can transfer the money into an RBI (Indian bank) account, ” Ratan told the BBC office.
Diamonds are not just any girl’s bestfriend – it is also a very attractive investment alternative. Annual return can range from 2.5% to 10%, depending on the color.
However, unlike gold and silver, or other investments where prices are reported on a stock market, diamonds are not traded on a public exchange but negotiated privately. This makes it harder to know the real value of the diamond, thus making it susceptible to abuse. The diamond trading industry is also unregulated – brokers are not required to be registered with a certain government authority.
A BBC news report recently warned older people who are the targets of this new form of investment scam on diamond trading. About 250 reports were received last year by the City of London Police.
The new tellows app for Android and iPhone – Avoid Spam and Scam Calls thanks to our Caller Identification
You can now access real-time information about your incoming calls to learn more about the caller – whether it’s a trustworthy friend or an annoying telemarketer. Once your phone rings the tellows will tell you the trustworthiness of the caller. Share you experience about the number by commenting on the caller’s phone numbers, thus warning your fellows tellows users against probable dangers.
The only requirement is of course, aside from internet access, an Android Smartphone or an iPhone.
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Whether it’s an investment opportunity or a big event, you name it, our scammers will be there to catch your attention and ruin your noble plans.
Telegraph has identified the following top 10 scams to watch out for this 2014:
1. Rugby World Cup 2015
Selling fake Rugby World Cup 2015 tickets would most likely be the newest business of scammers which could start early this year. So please, if you are really serious about watching the games, buy your tickets only from the official Rugby World Cup 2015 website – rugbyworldcup.com and beware of agents offering cheaper/even same price ticket reservations where you can be a victim of fraud, guarantees and non-delivery.
Let tellows mellow your day – Protect yourself from nuisance calls with the tellows caller identification app
Dear tellows fellows,
reap the benefits of your patience for our tellows app is finally now avaiable for Android users! Up to now the only way to look up numbers was to open our webpage, meaning, looking the calling number up was only possible after the call.
Thanks to our new tellows Android app you will discern the trustworthieness of the incoming call on the first ring of your phone. The tellows Score provides the means to decide whether to answer the phone or deny the call.
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