Scammers now thrive over the Christmas season<\/strong>, which is a time of giving and extravagant spending. False investment schemes, deceptive internet advertisements, and impersonation techniques have all been used to entice victims, with disastrous results for their well-being and financial situation.<\/p>\n\n\n\n
The bank disclosed that 596 instances<\/strong> of Authorized Push Payment <\/a>(APP) fraud were reported between December 25, 2023, and January 1, 2024, resulting in losses of \u00a31,999,444.34 Ten frauds totaling \u00a33,971<\/strong> were recorded on Christmas Day alone, while Boxing Day witnessed an even greater rise with 25 scams totaling \u00a345,788.01.<\/strong><\/p>\n\n\n\n
Santander\u2019s fraud team operates around the clock, providing support <\/a>and advice<\/strong> to customers year-round, including the festive period. They report that scams often follow a familiar pattern: fraudsters use convincing adverts or pose as trusted organisations<\/strong> to persuade victims to part with their money.<\/p>\n\n\n\n
With scammers showing no signs of slowing down, Santander <\/strong>emphasises the importance of caution during this high-risk period. Fraudulent schemes have become more sophisticated, targeting not just individuals but also businesses.<\/p>\n\n<\/div>\n\n\n
The bank\u2019s key advice includes:<\/p>\n\n\n\n
By staying informed and vigilant, customers can better protect themselves and enjoy a safer holiday season.<\/p>\n","protected":false},"excerpt":{"rendered":"
After nearly \u00a32 million was lost to scammers in a single week, Santander has issued an urgent warning about an increase in scams during the holiday season. The bank’s fraud specialists advise increased vigilance, warning that thieves are taking advantage of the festive rush to target unwary consumers.<\/p>\n","protected":false},"author":10,"featured_media":100286,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-100285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/100285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/comments?post=100285"}],"version-history":[{"count":4,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/100285\/revisions"}],"predecessor-version":[{"id":100304,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/posts\/100285\/revisions\/100304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media\/100286"}],"wp:attachment":[{"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/media?parent=100285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/categories?post=100285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.econostrum.info\/uk\/wp-json\/wp\/v2\/tags?post=100285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}