Criminal schemes designed to part you from your money are getting more sophisticated all the time. Knowing the facts can help you protect yourself. But what's the best way to stop scams and fraud before they happen, and what's the difference between the two?
Fraud is suspicious activity on your account that you didn't know about and didn't authorise.
Examples of fraud include:
A scam involves you making or authorising the payment yourself. You're persuaded to buy a fake item, hand over your security code or transfer a sum of money, not realising you're being conned by a criminal.
Scams can be very convincing and anyone can get caught out.
Examples of scams include:
Find out about the latest scams.
One way to protect yourself is to safeguard your personal details online. Be careful what information you share. Set your social media profiles to private - only let friends see what you post.
You should also store physical statements securely. When it comes to disposing of them, do so carefully, ideally shredding them, or blacking out your personal and financial details first.
If you receive a call, text or email asking about money, or security details, don't respond or click on any links. Stop and think. An unexpected call or message is often the first sign of a scam.
If you want further information, here are some other organisations who offer advice on guarding against financial crime:
You can report fraud or cybercrime to Action Fraud, a national reporting centre run by the City of London Police, working alongside the National Fraud Intelligence Bureau.
This not-for-profit fraud prevention organisation was first launched in 1988 as the Credit Industry Fraud Avoidance System.
Previously known as Cyber Streetwise, this awareness campaign run by the Government, aims to help small businesses and individuals protect themselves against online criminals.
Get Safe Online offers free security advice to help protect people from fraud and other issues encountered online.
You can report scams to the FCA, an independent public body which regulates 58,000 financial services businesses in the UK.
A government-backed national campaign offering advice on how to guard against fraud.