Jersey Police warn of rise in scams linked to Revolut accounts

Jersey Police are warning the public about a significant rise in scams involving Revolut accounts. In the last four weeks alone, 75% of fraud reports filed with the police involved Revolut accounts, with total losses amounting to around £180,000 (approximately €210,000).

According to authorities, most cases follow a similar pattern. Victims receive phone calls from individuals posing as bank fraud or security department staff, or as Revolut customer support.

During the call, the scammers claim that a suspicious transaction has been detected or that the account is at risk of being compromised. They then persuade victims to provide security details, transfer money, authorize transactions, or grant access to their accounts.

Police have also recorded several instances where customer accounts were compromised, resulting in unauthorized access and financial losses.

How to protect yourself
Authorities recommend being wary of unexpected calls claiming to be from banks or financial institutions. Passwords, PINs, one-time codes, or security codes should never be shared.

Police also advise against authorizing transactions or account changes without first verifying their legitimacy.

If you receive a suspicious call, the recommendation is to hang up and contact the bank directly using an official number obtained from the institution’s website or app.

Enabling multi-factor authentication and regularly checking account security settings are also important measures.

Anyone who suspects they have been a victim of fraud should immediately contact their bank and report the incident to the States of Jersey Police.

Authorities emphasize that taking a few seconds to verify an unexpected communication can be enough to prevent a significant financial loss.