FSCS Warns Consumers about Email Scams

3 February 2017

FSCS Email Scam

Consumers have been warned to be on their guard for an email scam promising a high value payment from the Financial Services Compensation Scheme (FSCS). The scammers promise a $5.7m payment and try to entice people to provide personal information.

Do not respond to these emails or provide any information. They are not authentic, and the FSCS does not approach people in this manner.

The fraudsters include a fake form asking people to give personal information. They also send a fake identity card which they claim is from a member of FSCS staff. Neither are from the Scheme, and providing any personal information may compromise your data.

Anyone who receives suspicious emails is advised to delete them immediately and block the sending user using your email security settings.

FSCS Chief Executive, Mark Neale, said: “Sadly such scams are one of the plagues of modern life. They prey on people and try to lure them into handing over their personal information on the promise of riches. Don’t let scammers get away with this. The FSCS will never approach you in this way. Stay safe. Do not respond to these emails or provide any personal information.”

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