Fraudsters are exploiting the trusted reputation of Wise, the popular money transfer service, by circulating fake savings advertisements designed to deceive customers. These sophisticated scams lure victims with promises of high-interest savings accounts, only to steal their personal and financial details.
How the Scam Works
The fraudulent ads, often appearing on social media and search engines, mimic legitimate Wise promotions. They direct users to convincing but fake websites where they are prompted to enter sensitive information, such as login credentials or bank details.
Red Flags to Watch For
- Unsolicited ads offering unrealistic interest rates
- Websites with slight misspellings of the Wise domain
- Requests for personal information beyond normal verification
Protecting Yourself
Wise has issued warnings urging customers to verify any ads through official channels. Always check the URL carefully and avoid clicking on suspicious links. If in doubt, contact Wise directly through their verified website or app.
What to Do If You've Been Scammed
- Immediately change your Wise password
- Contact your bank to secure your accounts
- Report the incident to Action Fraud
Financial experts warn that such scams are becoming increasingly sophisticated, with fraudsters constantly evolving their tactics to appear more legitimate.
