10 percent of Brits affected by scams

It has been revealed by the Office of Fair Trading that around 10 percent of Brits have been affected by scams in the past. This equates to around four million adults who have said that they have responded to what turned out to be a scam. Worryingly whilst 50 percent of those that had fallen for a scam had lost more than £50 to the fraudsters around 5 percent had lost more than £5000. Read more

Tags: Reloading scam, fraud, Advance-fee fraud, Social engineering, Financial Services Authority, Ethics, Spamming, Confidence tricks, Deception, office of fair trading

Warning issues over bank fraud committed by phone

Consumers are being warned to be careful about calls that they receive claiming to be from someone at their bank, stating that this is a common way for fraudsters to get information from accountholders and use it to commit fraudulent transactions. Read more

Tags: Highlands, bank fraud, losses, police authorities, Advance-fee fraud