December 15th, 2011 2 Comments » | POSTED BY ROB

Student Loans Company Fraud Phone Calls

Student Loans Company

The Student Loans Company has taken the unusual step of telephoning some of its customers to warn them they may be the victim of fraud.

The BBC reports that the SLC is being extremely cagey about how many of its 4million customers have been affected, the source of the data and the nature of the data that has potentially been compromised, but customers are being told to be “vigilant with their personal details”.

The act of phoning customers may raise some alarm bells for those called who may believe the call itself is an attempt at fraud.

The Student Loans Company is no stranger to the threat of fraud; it has been the victim of a surge of phishing websites, with 1,400 of them shut down this year. Earlier this month, 6 people were arrested in connection with an investigation into a sophisticated phishing scam that targeted hundreds of UK students; using their compromised data to steal in excess of £1million.

Metropolitan Police investigators were alerted to the scam in August 2011, and discovered that a criminal network were targeting students through Government loan schemes by sending out emails inviting unsuspecting individuals to update details on their student loan account via a link to a convincing but bogus website.

Once these sites were accessed by unsuspecting individuals, the suspects were able to gain unauthorised access to their bank accounts and extract large amounts of money ranging from £1000 to £5000 at a time.

Related Posts

Tags: , ,

2 Comments on “Student Loans Company Fraud Phone Calls”

Mr Ogg, January 11th, 2012

Well, if somebody wants to defraud me out of my student loan, they are welcome to!

Jona @ Cash Lady Loans, April 23rd, 2013

Due to overwhelming and saturation in the market there are many loan companies out there who are simply pilfering people’s money. There are several unwanted phone calls from such companies who are simply making calls to acquire information and then implementing on the same. Well one has to be quite precocious while dealing with such phone calls and make sure not to tell any of your information as you must be aware of what kind of loans you are dealing with.

Leave a Comment | Discuss On Facebook


Get regular, free updates direct to your inbox:

Personal Finance iPhone Apps

Recent Money Watch Articles

  1. Apple Pay Coming To The UK In July 2015
  2. iZettle Launches Card Reader to Support Apple Pay & Contactless Payments
  3. Halifax: Mobile Banking Soars As Customers Bank On The Move
  4. Pennies Budgeting App Now Available For Apple Watch
  5. One In Eight Brits Will Switch To Digital-Only Bank This Year
  6. Invalidating your home insurance could be as easy as Airbnb
  7. Barclaycard Anything: Turn Any Object Into A Contactless Way To Pay
  8. Launches Enhanced Current Account Comparison Service

Money Watch Categories

banking Banks Business Children Credit Credit Cards Debt Economy google Insurance Interest Rates Investments iphone Links Loans mobile Money Saving Mortgages New Products payments Pensions Property Savings security shopping Stocks and Shares Students Tax Tips Tools

Subscribe to Money Watch Email Updates

Email Format