Banking and payment scams to watch out for in the new year
‘If it looks too good to be true, it usually is,’ experts warn
Banking and payment scams have become an increasingly common way for fraudsters to gain access to people’s personal and financial information in recent years.
Earlier this year, a UK Finance report found fraud losses at British banks increased 8 per cent overall in the year to £1.3bn. It also revealed that losses from so-called authorised push payment scams - scams where a customer is tricked into a payment – grew 39 per cent to £583m.
Britons are now being urged to watch out for bank scams in 2023, whether they are being offered an online “bargain” or a “get rich quick” scheme.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies