Vishing involves a fraudster making a phone call posing as an official caller from a credible organisation.
They try and persuade victims to reveal financial and/or personal information so they can gain access to your bank accounts.
The fraudster often tells the victim to hang up and dial the number on the back of their card to verify that the call is legitimate. When the victim hangs up, the fraudster will remain on the line so that when they redial they will go straight back through to the fraudster.
They persuade victims to either use their card readers to authorise payments via the internet bank to the fraudster’s account or instruct the victim to log in to internet banking and transfer funds to a new account which they are told will safeguard their money or to hand over their bank cards and PINs to a courier.