Iceland’s Financial Institutions on High Alert: Fraudulent Activities Exposed

Warning to the Public

Landsbankinn has issued a stark warning to the public, emphasizing that it does not collaborate with foreign companies or security consultants to recover fraudulently acquired funds. The bank is urging victims of online fraud to be cautious and avoid falling prey to duplicitous schemes.

Recent Surge in Cybercrime

A recent surge in cybercrime has seen individuals being targeted by scammers claiming to work with the bank, offering assistance in recovering stolen funds under false pretences. Landsbankinn stresses that it provides its customers with free services to recover lost funds, and this aid is not provided in conjunction with any external companies.

The Scam

The scam, which emerged late last year, involves fraudsters contacting victims via email, claiming to have received information about the fraud through their alleged collaboration with foreign law enforcement authorities. The scammers then direct victims to a convincing-looking website, where they are promised:

• High-end consultancy services
• A vast network of connections
• Years of experience in recovering stolen property and data

All of these promises come at a hefty fee. However, the true intention behind this elaborate ruse is to defraud victims of even more funds, leaving them doubly vulnerable.

Advice from Landsbankinn

Landsbankinn is advising anyone who has fallen victim to fraud to exercise extreme caution if approached by unknown parties offering assistance in recovering stolen funds.

Icelandic Authorities’ Warning

In light of these recent developments, Icelandic authorities are urging the public to remain vigilant and not fall prey to such deceitful schemes. The warning serves as a stark reminder for individuals to be cautious when dealing with online fraud and to prioritize their financial security.