According to a recent survey conducted by Lloyds Bank, nearly 52 percent of women students and 69 % percent of students have fallen prey to scams during their student days while studying at the University. The sample size of the survey the bank conducted was of 2000 which consisted of students from Universities aged between 18 to 34 years. According to the report submitted by Lloyds Bank, the average amount that was lost was $420 dollars. Among the scanned students almost nearly a third of students were conned out more than $500 while the remaining of the cases students lost $1000 dollars or more.
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Paul Davis of Lloyds Bank said that usually students leaving home and coming to stay abroad or staying away from home are the ones that hackers try to target as they are still learning about how to manage finances. The scammers targeted university students with a range of technique starting from phishing emails which offer bogus grants to fake landlords. Usually, the student community is the most vulnerable among the group as they are naïve about how to manage money. The money that the scammers target are the finances they receive from their friends and family back home via a bank transfer or via a wire transfer.
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Paul Davis of Lloyds Bank said that university student who receives this kind of notification either online or offline should contact their bank and ask for their recommendations. Students should follow the Bank’s given direction. He said that to always intimate any strange or suspicious calls that student receives by contacting the banks official and calling their respective customer service number. He also said that the Bank authorities will never ask for customer’s confidential information or personal information or ask anyone to transfer money from one account to another.
Source: Daily Mail
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