Beware of scams to transfer money to the wrong bank account
According to a report from the Department of Information Security, fraud by pretending to transfer money to the wrong bank account and then demanding the recipient return it with extremely high interest rates is one of the 24 most common forms of fraud. until the first half of 2023. So how […] from Beware of scams to transfer money to the wrong bank account
by
Editor
schedule19/07/2023
According to a report from the Information Security Department, fraud by pretending to transfer money to the wrong bank account and then demanding the recipient return it with extremely high interest rates is one of 24 most common forms of fraud as of the first half of 2023. So how to recognize and avoid this scam? Let's Anti-Phishing (CLĐ) learn more through the article below.
I. Current status of the trick of transferring money to the wrong bank account
Recently, even though the authorities have continuously warned, many people still get into trouble or even become victims of fraudulent transfers of wrong money. Fraudsters often use the trick of transferring money to the wrong account to trick us into loan sharking or stealing personal information to appropriate money in the account.
The trick of pretending to mistakenly transfer money to fraudulently appropriate property is an extremely sophisticated trick, the subjects intentionally transfer the wrong money to someone's account. After the other party receives the money, the subject will pretend to be a debt collector from a financial company to contact, threaten and demand that they return the money they just received as a loan with exorbitant interest.
In another case, a fraudster transferred money to the victim, then contacted him to introduce himself as living abroad and wanted to receive back the money he mistakenly transferred. To return the money, the recipient must use an international money transfer service via a link. After filling in the bank account information in the above link, all the money in the victim's account will be withdrawn.
II. Identifying characteristics and fraud tactics
The following is the process that fraudsters use to appropriate victims' assets:
Collect information:
Scammers often collect other people's personal information, including names, bank account numbers and contact information.
Find your target:
The scammer chooses a person to carry out this trick, usually someone who is unfamiliar or has little experience with other types of scams.
Impersonating a debt collector:
The scammer uses the personal information of another person, usually a debt collection agency or bank, to pretend to be someone with authority to request the return of money that was mistakenly transferred to the recipient's account. .
Request to return the money:
The scammer contacts the recipient and asks them to return the mistakenly transferred money.
They often create a believable story to convince the recipient that returning the money is reasonable and beneficial to both parties.
Suggestions for borrowing money at high interest rates:
If the recipient is unable to repay the money in one lump sum, the scammer may suggest taking out a loan at an exorbitant interest rate to repay the money.
They create an urgent appeal and put pressure on the recipient to find a way to borrow money to pay it back.
III. How to prevent property appropriation
When receiving a request to return money that is considered "wrongly transferred", please pay attention to the following issues to avoid falling into the trap of scammers.
Do not transfer money immediately:
Always check and clearly confirm the origin and purpose of the money transfer transaction before making it.
Do not transfer funds based on ad hoc, unspecified, or unclear requests.
Check transfer information:
Carefully check the information related to the recipient and account number before making the money transfer transaction.
Compare information with official sources or through the host bank to ensure authenticity.
Verify in a variety of ways:
If you receive a request to transfer money or return an amount from a person or organization, verify through another independent communication channel such as their officially published phone number or official email.
Do not rely on information provided by the requester.
Be cautious with unclear loans:
If you receive a request to repay the money as a loan, consider it carefully before agreeing.
Make sure that the proposed terms and interest rate are clear and reasonable.
If in any doubt, seek advice from your banking authority or independent financial professional.
Report the incident:
If you suspect or have become a victim of a money transfer or debt collection scam, immediately report the incident to the authorities, such as the police or bank, so they can investigate and provide support.
Always stay alert and do not agree to make any financial transaction without full information and verification. Protect your personal financial information and learn more about common scams to avoid becoming a victim.
English 
Vietnamese