The most common Revolut scams and how to avoid them

What are the telltale signs of a Revolut scam? How can we avoid them? And is the app a safe place for your money? On The Big Tech Show this week, Adrian is joined by security expert and chief information security officer at Waystone, Conor Flynn. The problem of financial scams has become an issue for Irish banking customers recently, with an upsurge in fraud cases for Revolut users. The Banking and Payments Federation says that fraudsters stole about 100 million euro through frauds and scams last year. However that was from customers of AIB, Bank of Ireland and permanent TSB and didn’t include fraudulent activity on Irish Revolut accounts. Conor highlighted to Adrian that a typical Revolut scam will have certain features. They will purport to be Revolut, a family member or close friend and will create a sense of urgency to send them money. The cyber security expert warns that scammers use social engineering to get you to operate quickly and in response to an emergency trigger of some sort. You can listen to the full episode here on the Irish Independent website or wherever you get your podcasts.

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