Logo

Issue 1

SLC shuts down illegal phishing sites
At this time of year, students are most at risk from phishing scams. Our expert Stuart Brydson, of SLC’s Counter Fraud Services, reveals how students can stay safe online.

Stuart Brydson picture

Stuart Brydson

Stuart has worked for the Student Loans Company since 2003, and in Counter Fraud Services since last May.

SLC’s Counter Fraud Services has closed down 24 phishing sites targeting students in the past six months.

The team has worked hard to reduce the number of students falling victim to fraudsters using phishing scams to steal student loans. In AY 2014/15, the team investigated 189 cases, which resulted in savings to SLC of £213,655.

And you can help too, by making sure that your students know what to look out for.

If a student mistakenly gives out their details and their student loan is stolen they are still liable to repay it!


Phishing is a fraudulent activity designed to trick people, including students, into giving out their personal details. Fraudsters can then use this information to log in to their student finance account to steal information and, potentially, their money.

Students are usually targeted in September, January and April, when they get their student finance payments. For many students this will be their first major financial transaction.

Scams

Many students have become more aware of phishing scams thanks to increased publicity and word of mouth, but they won’t necessarily know what to look out for. It’s important for them to be wary and not post personal details online, including on social networking sites.

Make sure your students know that SLC will never request that they confirm their bank details or their personal information by email or text. If they receive a suspicious email or text message they should let us know at phishing@slc.co.uk – it’s important never to respond to suspicious emails or texts or click on any links.

Phishing emails can look genuine, but will commonly contain bad spelling, grammar or punctuation or urge the student to provide their details quickly. Make sure your students know what to look out for – it could prevent them making a costly mistake.

If any of your students are concerned that they have been a victim of a phishing scam, they should contact the team by:

2015 All rights reserved. Created by Student Loans Company.

Disclaimer ‘Exchange’ contains facts, views, opinions, statements and recommendations of third party individuals and organisations. The Student Loans Company Limited (SLC) does not guarantee the accuracy or reliability of any advice, opinion, statement or other information written by guest columnists. Any reliance on any such opinion, advice, statement or information shall be at your own risk. SLC reserves the right to remove or alter content or take down this eMag at any time without notice.
Links to third party information This eMag includes links to third party web sites. These links are used to provide further information and are not intended to signify that SLC endorses such websites and/or their content.