Fraud Protection

Fraud is a criminal act to deceive you and take your cash – it's a transaction that you didn't know about or authorise. For example, fraudsters may use your details to open accounts under your name or your business.

A scam is where you’re tricked into making or authorising a payment to a criminal’s account. Scammers impersonate banks and official organisations using emails, phone calls and texts that look and sound genuine.

Getting to grips with cyber threats

Against the backdrop of an increasingly uncertain economic and geopolitical environment, and the rise of emerging technologies such as AI, it’s essential that businesses are aware of the potential cyber threats to which they could be exposed.

• Ransomware: ransomware currently poses one of the biggest risks to businesses – the impact on a company’s operations and reputation can be devastating. The risk of ransomware attacks is facilitated by a highly organised cybercriminal ecosystem involving various ‘threat actors’ who actively trade malicious tools and information on the dark web

• Supply chain attacks: cyber criminals continue to target third-party vendors and service providers to gain access to the systems and data of the businesses across a supply chain. These attacks, which exploit relationships between organisations, can have significant and far-reaching impacts

• Emerging cybercrime technologies: cybercriminals are increasingly using GenAI to create very convincing phishing emails and deepfakes, using voice emulations and impersonated video content, which can be used to trick employees into unintentionally carrying out harmful actions

• Insider threats: businesses can also face cyber threats from within their organisation, with employees causing harm, either accidentally or intentionally, for example by making mistakes, being tricked into scams, and in some cases, acting maliciously or for personal gain.

 Visit our Cyber Threats page for more information on how to protect your business.

Remember that Barclays will never:

• Ask you to make payments or move money to a ‘safe account’
• Call and ask you to provide or enter your PIN or use your biometric device, for any reason
• Take control of your computer or call you unexpectedly and direct you to a website.

Stop fraudsters in their tracks

Visit our phishing page to learn more about phishing, account compromise threats and how to protect your business.