The ten most common types of scam revealed and how to make sure you don’t get caught out

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FRAUDSTERS in the UK stole a whopping £753.9million in the first half of 2021 alone.

That means criminals walked away with over four million quid in stolen money every single day.

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The ten most common scams according to UK Finance

This represents a 30% increase in the number of fraud cases since last year, according to UK Finance who collect the data.

Scammers are getting even more sophisticated meaning more people are losing money than ever before.

Criminals rely on people thinking “it won’t happen to me” and not knowing about the new methods they have to con people.

The most common kind of fraud was authorised push payment fraud (APP) which is when scammers tricking you into transferring money across.

There was 71% increase in APP fraud during the first half of 2021 and, for the first time, the amount of money stolen through APP fraud overtook card fraud losses.

Scammers have been targeting people as young as 14 via social media…

Read full article at www.thesun.co.uk