This presentation about safe account scams describes the most common scam in the financial industry. With the help of this presentation, you will understand what safe account scams are, the different types of safe account scams, how these scams work and affect everyone, and a special thanks to Faisal Abidi, who has shared his viewpoints on how to safeguard yourself from safe account scams.

1. Safe Account Scams
Faisal Abidi’s viewpoints to safeguard
people from such scams

2. Table Of
Contents
● What do you understand by
safe account scams?
● Different types of safe account
scams
● How does a safe account scam
work?
● Suggestions by Faisal Abidi to
safeguard people from safe
account scams

3. What do you understand by safe account scams?
● Safe account scams occurs when scammers steal your money by getting
you to move it to another bank account that they control.
● Faisal Abidi pointed out as these scams and fraud are committed by calling
people out of the blue and posing as representatives of reputable
organizations such as your building society or bank, the police, or even the
Financial Authority. They claim your money is in jeopardy, that your account
has been compromised, or that there has been a security breach, and that
you must transfer it immediately to an account they've set up for you for
safekeeping.

4. Different types of safe account scams?
● Initial Small Scam
Some scammers, spammers and fraudesters will first obtain your bank
information by targeting you with a much smaller scam. For example, they have
recently been sending out text message scams that appear to be from the post
office. According to the text, there is a small unpaid shipping fee that you must
pay, or your parcel will be returned to the sender. You're directed to a scammer-
controlled website where you'll be asked to enter your bank information in order
to make the payment.

5. ● Out of the blue
Alternatively, these scammers will just try their luck and phone people
out of the blue. They can easily obtain people's names and phone
numbers from businesses that have sold information to third parties.

6. How does a safe
account scam work?
● They'll claim that a scammer has
gained access to your account and is
setting up direct debits or making
large payments.
● They'll reassure you and tell you that
they'll send you a new bank card, as
well as a new sort code and account
number all of which is a scam.
● These scam artists are astute. They
opened these accounts with one of
the few banks yet to implement the
confirmation of payee scheme.

7. Reminders from
Faisal Abidi to fight
against these scams
● You will never receive a call from your
bank asking for personal information,
bank card numbers, security codes,
or to transfer money.
● According to Faisal Abidi, the
scammers or fraudsters will be polite
and reassuring at first, but they will
eventually become very pushy and
emphasise how important it is that
you do what they say. They will
persuade you to stay on the line even
if you ask to call them back, and they
will pressure you to complete the
transaction as soon as possible.

8. Special Thanks To,
Faisal Abidi