23 August 2017
visit www.avoka.com

Barclays chairman loses £10,000 in ID fraud scam

10 January 2008  |  11375 views  |  0 Marcus Agius, Barclays chairman

A fraudster managed to con high street bank Barclays out of £10,000 in a credit card scam by posing as its high-profile chairman Marcus Agius.

According to press reports, the criminal rang a Barclays call centre claiming to be Agius and convinced a member of staff to issue him a credit card in the chairman's name.

The fraudster then walked into a Barclays branch and withdrew £10,000 from Agius' personal bank account.

In a statement on the incident, a Barclays spokesman says: "It was down to human error, procedures were not followed fully and we have learned from it."

"This is an ongoing battle, with professional fraudsters, in which we constantly review and refine the way we work to protect all our customers," says the bank.

Barclays is reported to have initiated a security review following the incident and a new system of codes and passwords for senior executives has been put in place to prevent a repeat of the incidents, according to reports.

The bank says Aguis - who earns £800,000 a year plus bonuses - has been fully reimbursed.

"All Barclays customers, from the chairman downwards, have a 100% fraud guarantee as long as they take reasonable care of their information," says the spokesman.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Halifax facing chip and PIN fraud lawsuit

Halifax facing chip and PIN fraud lawsuit

07 January 2008  |  16348 views  |  0 comments
Data watchdog calls on firms to step up fight against ID fraud

Data watchdog calls on firms to step up fight against ID fraud

11 December 2007  |  5869 views  |  0 comments
Over eight million Americans hit by ID theft in 2005 - FTC

Over eight million Americans hit by ID theft in 2005 - FTC

29 November 2007  |  5161 views  |  0 comments
Facebook users warned of ID theft risk

Facebook users warned of ID theft risk

31 August 2007  |  6506 views  |  0 comments
ID theft complaints drop; losses up

ID theft complaints drop; losses up

09 February 2007  |  6966 views  |  0 comments
UK tops Europe for card fraud

UK tops Europe for card fraud

21 November 2006  |  11237 views  |  0 comments
One in ten Brits hit by ID theft

One in ten Brits hit by ID theft

09 August 2006  |  10212 views  |  0 comments
UK consumer group calls for ID fraud helpdesk services

UK consumer group calls for ID fraud helpdesk services

17 February 2006  |  6344 views  |  0 comments
Consumer group calls on banks to shape up on card fraud

Consumer group calls on banks to shape up on card fraud

03 November 2005  |  7948 views  |  0 comments
One in four adults have experience of ID fraud

One in four adults have experience of ID fraud

03 March 2005  |  6822 views  |  0 comments
London gang gaoled for ID fraud

London gang gaoled for ID fraud

24 November 2003  |  12206 views  |  0 comments | 1 tweets

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12694 views comments | 27 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11308 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10440 views comments | 21 tweets | 34 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10424 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10411 views 0 | 6 tweets | 1 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job