Ring 159 for Britain's new emergency fraud helpline
From 28 September the public are being urged to ring a new hotline if they are concerned about a payment
Members of the public targeted by fraudsters have been urged to contact a new emergency hotline designed to fast-track a customer to their bank.
Stop Scams UK, an industry body founded by telecoms and banking firms last year, has advised potential scam victims to "stop, hang up and call 159 to speak directly to your bank."
The hotline is intended as a "memorable and secure" number that works in a similar way as the 101 hotline for the police or 111 number for the NHS.
"It’s the number you can trust to get you through to your bank, every time," said Stop Scams UK.
The hotline will run as a 12-month pilot. Customers of Barclays, Halifax, Bank of Scotland, NatWest, Royal Bank of Scotland, Ulster Bank, Santander and Starling Bank can call the number to be connected to their bank.
Stop Scams UK estimates 70pc of primary account holders in the UK will be able to use the hotline
Last year the public lost £470m to fraudsters pretending to be a bank or other service provider, with a particular focus on authorised "push payment" fraud which relies on convincing high-pressure tactics.
When should you call 159?
The 159 number will never call customers, but the public has been told they can rely on the hotline to be connected to their bank.
Stop Scams UK has urged customers to use the hotline if they are contacted by someone claiming to be from their bank, even if the call does not appear suspicious.
Customers should also call 159 if they have received a call requesting a money transfer or payment, or they have been contacted about a suspicious financial matter.
Ruth Evans, of Stop Scams UK, said: "If you ever feel pressured into transferring money or giving out personal details, you should hang up and call 159 to check it’s for real.
"Criminals rely on forcing people into the heat of the moment decisions, and calling 159 is a simple, practical tool to break their spell."
A recent report by UK Finance found impersonation scams had more than doubled in a year, with fraudsters targeting people who were “too polite” to hang up.
Criminal gangs have tricked “even the savviest of people” into transferring thousands of pounds by posing as representatives of the NHS, police, their bank or a delivery company.
How much will the call cost?
A call to the 159 hotline is expected to charge the national rate, included for free in most phone tariffs.
According to Stop Scams UK, almost all major telephone companies have backed the scheme and more than 80pc of UK mobiles and landlines can now access the 159 number.
The telephone providers participating in the pilot are BT, EE, Plusnet, Gamma, O2, giffgaff, TalkTalk, Three, Virgin Media and Sky.
Andy Bates, of Global Cyber Alliance, an internet safety non-profit that helped launch the hotline, said the hotline was a "powerful new tool" in the fight against scams.
When potential fraud victims call 159 they will be greeted by an automated message and instructions to press a certain number to be transferred to their chosen bank.