NatWest prospects are warned to watch out for scammers as new debit playing cards are launched

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NatWest prospects are being warned to watch out for scammers within the coming weeks as new debit playing cards roll out.

The financial institution is migrating all of its debit playing cards from Visa to Mastercard and has written to prospects that their “shiny new card will likely be with you quickly, so be careful for it within the mail”. Nonetheless, it warns prospects that scammers prefer to make the most of such modifications and advises them to remain alert.

Signal of the occasions: New financial institution knowledge reveals that individuals aged 21 to 30 are the almost certainly to fall sufferer to fraud

“Scammers prefer it when folks get new playing cards, so all the time hold an eye fixed out for sudden calls, texts, or emails from somebody claiming to be from the financial institution,” it says. Based on NatWest, the swap to Mastercard may have no impression on prospects’ accounts and their PIN codes will stay the identical.

Nonetheless, it recommends prospects to replace their card particulars the place they’re used for recurring funds resembling subscriptions and cellphone plans. The warning comes as new financial institution knowledge reveals that individuals aged 21 to 30 are the almost certainly age group to fall sufferer to fraud.

Based on the Barclays research, folks on this group are nearly 4 occasions extra more likely to be victims than these over 70. Most scams happen on know-how platforms like social media websites and procuring websites, which Barclays says makes younger folks, who use them often, notably weak.

Ross Martin, Head of Digital Security at Barclays, says: “Many individuals image an aged particular person after they consider a rip-off sufferer and whereas older persons are extra more likely to fall for increased worth scams, the commonest sorts are the place persons are tricked ‘To purchase one thing they will by no means get.’

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