Revealed: The top ten online scams – and how one victim lost his money to fraudsters who conned all his Facebook friends too…

The ten biggest online scams lost victims across the country £670million over the last year – and this figure is likely to be far higher due to unreported cases, National Fraud Intelligence Bureau data reveals.

The case of a victim known only as Chris, who had thousands stolen by fraudsters who simply rang his bank to gain details and also conned his Facebook friends into sending money too, is highlighted by Get Safe Online Week, which started yesterday.

It comes as a study found half of those who have been a victim of cyber fraud – which includes ID theft, economic losses, hacking and viruses – said they felt either ‘very’ or ‘extremely violated’ by their ordeal.

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Small firms warned of surge in invoice fraud – with one Norfolk-based manufacturer scammed out of £350k

Small businesses have been warned to stay vigilant after a surge in invoice fraud in which conmen try to dupe firms into handing over hundreds of thousands of pounds.

Financial Fraud Action UK has reported a rise in the scam with hundreds falling victim in the last year. The fraudsters send in fake requests for payment which look legitimate, often via e-mail or letter, with new payment details.

Because the fraud is not always detected immediately, stolen funds are often quickly transferred outside of Britain making it nearly impossible to get the money back. In a shocking example of the scam, the FFA UK has highlighted the recent case of a manufacturer based in Norfolk.

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‘We lost £1,000 on a fake holiday booking’: From holiday villas to cut price cars – the tempting internet bargains that simply don’t exist

  • Between £8million and £20million a year is lost to so-called clone websites
  • Laura Parks lost out on £1,000 when she and her husband arrived at a lodge near Loch Ness and learned their booking didn’t exist

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Every two minutes someone in Britain loses their savings to a new breed of conman… Are you the next victim?

Every two minutes of every day, someone in the UK is ripped off by a fraudster or loses money to an online crime.

Households are falling prey to investment conmen, cold callers who petrify their victims into thinking they’ve been robbed, fake websites, pension crooks and online bandits who dupe people into giving away their personal details.

And these are just the crimes that are reported. Staggeringly, only 5 per cent of the 19,000 frauds reported every month are being solved. At some point, every one of us is likely to become a victim of this modern-day crimewave.

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Beware the crooks who want to get their hands on your pension pot

One in eight employees aged 50 or over has been the target of fraudsters promising to release their pension savings.

Workers in their 50s are being warned that they are the primary target for scamsters who are using dramatic changes in the pensions system to try to part them from their retirement pot.

Changes from April 2015 mean that retirees can, for the first time, use the money as they wish instead of having to buy an annuity. The first 25% of this will be tax-free. They will be able to use the money to pay down debts, for example, invest outside the pension, or simply enjoy life – even blowing the lot on a sports car, according to the pensions minister.

Full Story –


Web crime wave sees bank fraud hit £6million a month: Internet scams soar by 71% after branch closures force savers online

Banks have been accused of leaving savers exposed to criminal gangs following a startling surge in fraud.

Critics say lenders are failing to ensure customers’ money is safe as losses from telephone and online fraud hit £35.9million between January and June – a rise of 59 per cent in a year.

Internet fraud alone – where criminals hack into accounts using password details – soared by 71 per cent to £29.3million.

The extraordinary increase between January and June comes as customers are under rising pressure to access their accounts online – as banks say fewer overheads enable them to offer better rates.

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Repeat fraudster going by the name ‘Simon Fraser’ swipes £80k from accountants in another case of NatWest business account fraud

Another small business has fallen victim to a fraudster going by the false name ‘Simon Fraser’ who posed as a member of NatWest staff in a bogus call from the bank – this time swiping £80,500 from the business account.

On 24 April this year, Micky Ackenson, a partner at Charterhouse was forwarded a phone call by his staff from a man calling himself ‘Simon Fraser’ claiming to be from Bankline, the business banking service from NatWest.

Full Story – The MailOnline

Tourist Scams to Watch Out for This Summer

There are many ways that scammers take advantage of unsuspecting tourists, but more common schemes can be avoided if travelers stay alert, and take a few basic precautions.

For one thing, tourists should always be wary of anything offered for “free,” and of special deals that seem too good to be true.

The oft-repeated advice to stay alert and watch your valuables is true no matter where you are. Travelers should also have a plan in case something goes wrong, including keeping some extra cash and identification in a safe spot, and knowing who to contact for help in a given destination.

The following rundown of scams, categorized by type and location, provides a solid primer for tourists. Check out these common tactics before your next trip, so you won’t have to learn the hard way:

Full Story – Mashable

The telephone fraudsters that just keep on taking


More victims of telephone fraudsters, who persuade the unwary to hand over their life savings, have come forward – one woman lost more than £100,000. It has also emerged that, in some rare cases, the banks have been refunding the money.

Last month Guardian Money highlighted how thousands of mostly older people had fallen victim to the so-called “courier fraud”, which starts with a phone call out of blue. Callers pretend to be phoning from the bank investigating a fraud – in some cases they say they are police officers – and have been successful in conning people out of big sums.

Full Story – The Guardian