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As the yearly loss per individual increases and the pandemic drives fraudsters to be more inventive, now is the optimal moment to safeguard oneself.
The internet has brought many benefits, but it also provides a breeding ground for fraudsters and scammers. The cost of online banking fraud has increased by over 50% since 2013, with over 100 million phishing emails sent daily. According to UK Government statistics, nearly 10 million adults have fallen victim to online crime in the past year.
In 2021, unauthorised financial fraud losses across payment cards, remote banking, and cheques amounted to £730.4 million. Furthermore, UK Finance members recorded 195,996 incidents of Authorised Push Payment (APP) scams, resulting in gross losses of £583.2 million, a significant increase from the £420.7 million losses reported in 2020.
The objective behind a phishing scam is to get the attention of a victim by sending an email, usually with links or attachments that can carry viruses or other harmful code that could infect your computer and give fraudsters access to your personal data.
Courier fraud occurs when a fraudster, posing as a police officer or bank representative, contacts victims via phone. To support their claims, the caller may verify readily available basic information about the victim, such as their full name, address, and date of birth.
Romance scams occur when individuals are deceived into sending money to criminals who put significant effort into establishing trust and convincing them that they are in a genuine relationship.
Identity theft occurs when an individual pretends to be you, utilising your personal information to make purchases and apply for credit cards, bank accounts, and loans.
Identity theft occurs when an individual pretends to be you, utilising your personal information to make purchases and apply for credit cards, bank accounts, and loans.
Where criminals obtain control of a persons account, most commonly with a financial service provider such as a bank or credit card issuer….
In today’s digital age, with the internet and advanced communication channels, investment scams have become increasingly complex…
Smishing is a cybersecurity attack carried out over mobile text messaging, also known as SMS phishing. As a variant of phishing, victims will be deceived into giving sensitive information to a…
Advanced push payment fraud (APP fraud) is a type of scam where fraudsters trick individuals into transferring money to them…
Credit card fraud is a growing concern here in the UK and affects thousands of people each year. It is a form of identity theft where criminals…
New account fraud is becoming a significant issue in the UK as criminals seek new ways to steal people’s money. This type of…
Watch Your Pocket® is a team of experts dedicated to raising awareness about fraud and equipping individuals with the knowledge and tools they need to protect themselves.