The online world is a lifesaver in many ways and has helped a lot of us during the covid pandemic. It has enabled us to stay in touch with our friends and family during the difficult social distancing phase and without it, life would be unimaginable.
However, just like everything with life, there is a good side and bad side to the digital age. In this post, we are going to be talking about a viral scam which is causing a lot of trouble for people in the UK and has become a huge hassle for the law enforcement agencies.
The Martin Lewis Bank Scam is a sophisticated fraud which gained a lot of traction through social media platforms. It associated the name of one of Britain’s most trusted men in order to gain credibility and instill a sense of security among the public.
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Nonetheless, it is a software which should not be taken lightly. Go through our detailed post to know all the details of the scam and share it with your friends and family in order to keep everyone safe from it.
Who is Martin Lewis?
Martin Lewis is a name which does not need any introduction. He is the founder of Moneysavingexpert.com. His blog attracts more than 16 million visitors monthly and has been around for more than 17 years.
If you have ever searched for any kind of ways to enhance your financial situation, then chances are you are already familiar with the content posted by his blog. Martin Lewis is also involved with a variety of projects which keeps him in the limelight such as hosting TV shows and journalism.
In short, thanks to his extensive knowledge regarding everyday financial challenges and his passion to help the masses, he certainly has earned a spot in the industry.
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What is Martin Lewis Bank Scam?
This scam begins with a message which states that the receiver has not made the payment to a service provider or a bank. On top of the intimidating message, it also contains a link which the user is supposed to click in order to make the payment.
However, once the victim has clicked the link, a large amount of money from their bank account will be wiped clean. While no one is sure about the exploit used by the scammers, the disaster can be avoided by simply deleting the message as soon as you receive it. The link between the scam and Martin Lewis is imaginary.
To clear things up, Mr. Lewis already put out a Tweet and clarified to everyone that this scam has nothing to do with him. In fact, he never even wrote about it and it was brought to his attention by a random post on a social media platform. Nonetheless, he strongly suggests everyone never to interact with those kinds of messages for any reason and to delete them at the earliest.
Action Fraud – Department of London Police have also extended their support for Martin Lewis tweets and have confirmed the statements as well. As a rule of thumb, they suggest the public to never give any kind of confidential details such as the card number or pin number to any third party regardless of the kind of narrative they throw at you.
Phishing is a common type of cyber crime wherein the scammers running the show will contact you via text, phone or email and trick you into providing them with sensitive details.
Once they have access to the data, they can use it to take money from your bank account or worse, it can result in identity theft. If you ever feel that you are being rushed into making a decision on an offer which sounds sketchy or too good to be true, then do not hesitate to report them as soon as possible.
Taking precautions will shield you to a certain extent, but nowadays you can’t really take chances with anything.
Moneysavingexpert.com website features a lot of detailed guides on how to handle most of the things which includes finances. You might be a student who is trying to get the lowest interest rate available in your region, or you might be trying to fix your credit score.
On the other end of the spectrum, you might be interested in optimising your mortgage rates. Regardless of what your needs are, this platform has something to offer to all of us. Below, we have listed the main categories shown on this website. If any of the topics catches your attention, then feel free to explore them.
- Card and Loans
- Household Bills
- Complain and Reclaim
- Banking and Savings
- Mortgages and Homes
- Deals and Shopping
- Income and Budgeting
What should you do about Martin Lewis Bank Scam?
If you have got a message which looks similar to the one we are discussing in today’s post, then contact your bank immediately. Before you dial them make sure that you don’t click the cloaked link present in the message and delete it quickly.
Do not forget to upgrade the anti-virus in your computer on a regular basis and avoid downloading any pirated apps or software, because they are the main mediums which spreads malware.
Here is the contact information of Action Fraud.
Email – actionfraud.police.uk
Phone Number – 0300 120 2040
There are thousands of people who lost their hard earned money to this scam. While the regulators and law are working tirelessly to find the cause of the exploit, it is better as end consumers for us to educate ourself regarding the basics.
To conclude, we suggest all of you to stay up to date with the latest software updates, ensure that your sources are always verified and lastly, if you ever face a dilemma then contact the appropriate authorities without wasting any time.