You are here: Home - Saving-Banking - News -

Are you a comper? Make sure you don’t give too much away

Written by: Paloma Kubiak
People entering competitions risk being scammed, with many sharing their personal details before checking the offer is legitimate.

Seven in 10 plug their details into competition sites without checking whether they’re entering a legitimate prize offer.

More than a fifth (22%) said they would consider giving all three key pieces of information (name, address, date of birth) to stand a chance of grabbing an offer.

Just 31% said they routinely check to determine whether an offer is real before entering their personal details.

The research from Nationwide Building Society found that many people actually regret providing such information later down the line. Nationwide said it can give fraudsters a head start on impersonating someone.

Its 2,000-strong poll found that 18-24-year-olds are four times more likely to give out their personal details on a cold call than those aged 55+. This age group is also three times more likely than those aged 35-44 of giving their bank details to an unfamiliar online website when shopping.

Stuart Skinner, director of fraud at Nationwide Building Society, said: “Brits are much more willing to take a risk with their personal information if they think there is a bargain to be had. It’s very easy to be swept away with the prize on offer and not stop to think whether it is valid.  Our advice is, if something seems too good to be true, it usually is, so it’s wise to be suspicious. People should take a bit of time to do some research and check the source is valid, particularly if it’s a website they are using for the first time.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

How to help others and donate to food banks this winter

This winter is expected to be the most challenging yet for the food bank network as soaring costs push more pe...

Your rights for refunds if travel is affected by strikes

There have been a wave of strikes this year across many different industries, and more are planned over Christ...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week