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Nationwide issues warning over ‘clever tactics’ scammers use to steal people’s money

January 13, 2026
in Business
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Nationwide issues warning over ‘clever tactics’ scammers use to steal people’s money
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UK adults are receiving two rip-off calls each week on common, new analysis has revealed.

A survey commissioned by Nationwide Constructing Society discovered that greater than half (57 per cent) of respondents imagine these suspicious calls are rising in frequency.

Over 1 / 4 (28 per cent) admitted they lack confidence in distinguishing a authentic name from their financial institution.

The constructing society has now launched a brand new function to construct on its “rip-off checker” service.

It permits prospects to immediately verify whether or not the decision they’re on is real, by way of Nationwide’s banking app.

Prospects can open the app, go to “extra”, and “name checker”, to see if they’re on a name with Nationwide.

A survey commissioned by Nationwide found that more than half (57 per cent) of respondents believe these suspicious calls are increasing in frequency
A survey commissioned by Nationwide discovered that greater than half (57 per cent) of respondents imagine these suspicious calls are rising in frequency (David Parry/PA)

Fraudsters might ask victims to share private particulars, present safety codes, switch cash and even to mislead their financial institution or constructing society, Nationwide warned.

Whereas over half (53 per cent) of individuals mentioned they grasp up instantly once they turn into suspicious a few name, solely 29 per cent report it to their financial institution.

Jim Winters, director of financial crime at Nationwide, mentioned: “Scammers have gotten extra refined and impersonation calls are probably the most widespread methods they trick individuals into handing over cash.

“We’re programmed to belief individuals and when somebody makes use of intelligent ways and well-practised scripts – typically placing us underneath stress or making us panic – it may be onerous to know who to belief.

“Our name checker function provides our prospects peace of thoughts by confirming if a name is real or not. It’s a easy and efficient step that would stop somebody from turning into the following crime statistic.”

The survey of two,000 individuals was carried out by Censuswide in December.



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Tags: CleverissuesMoneynationwidepeoplesscammersStealTacticswarning
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