Over the past year, fraud and crime watchdogs have been informing savers and consumers as to how fraud has evolved in the last two years, specifically over the pandemic. Recently, data from Lloyds Bank revealed that criminals are using WhatsApp more often to trick victims into parting with their cash by impersonating loved ones. The bank reports that this type of impersonation scam has risen by 2000 percent over the past year.
UK Finance, the country’s trade association for the banking and financial sector, has stepped in to notify the public as to what the most prevalent examples of fraud are today and how people can avoid them.
Speaking exclusively to Express.co.uk, a UK Finance spokesperson said: “The banking and finance industry is committed to stopping fraud from happening in the first place, investing billions in advanced technology to protect customers and businesses, and working closely with the government and law enforcement to target the criminal gangs responsible.
“Given the scale of the challenge fraud poses, we have long argued that other sectors, including online firms, need to do more to help protect the public.
“We would encourage consumers and businesses alike to follow the advice of our Take Five to Stop Fraud campaign.
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“Criminals try to rush people into making decisions and so people should always take a moment to stop and think before parting with money or personal…
