September 20, 2016
A financial scam takes place every 15 seconds across Britain, according to Financial Fraud Action (FFA), which says fraudsters are using increasingly developing sophisticated tactics to trick people out of their money.
FFA says there were more than 1 million cases of card, check, phone or online fraud recorded from January to June. That is a 53 percent rise on the same period last year. Scammers are directly targeting customers through email deception, known as phishing, and phone and text-based scams, known as vishing and smishing.
Many are pretending to be from legitimate bodies such as banks, utility companies or customs. Other fraudsters are hacking into email accounts and then posing as the builder, solicitor or tradesperson that the consumer has legitimately employed.