Unfortunately, scammers are rife, with developing tactics on how to dupe their next victim. One type of fraud which is increasing in popularity involves a network of methods of communication.
Britons may be going about their typical day when they receive a phone call claiming to be from the police.
The caller tells the individual there has been fraudulent activity on their bank account, and asks the individual to cooperate in a supposed investigation to resolve the matter.
Telling the person they have their name and address, all the individual is told they need to do is confirm their bank details and PIN.
It is at this point many people will panic, as the matter sounds serious, especially when the so-called police ask them to withdraw £5,000 in cash to use as evidence.
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However, once the scammers have this key information and money in hand, they disappear – never to be seen again.
This is known as courier fraud, with unsuspecting victims being reeled in and targeted.
Crimestoppers, an independent crime-fighting charity, has been looking into the devastating impacts of courier fraud.
It found around 60 percent of the victims of this type of scam are over 70.
The average loss per person is approximately £5,000, but sadly some lose much more.
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The highest single sum stolen last year was a staggering £640,000 – showing the extreme…
