Martin Lewis discusses PPI scams on This Morning
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Bank customers are regularly targeted by fraudsters who have no shame in targeting consumers’ hard earned cash. Recently, Lowell, the debt management company, conducted research on the most common types of fraudulent activity across the UK.
In examining data from the Office for National Statistics (ONS) alongside its own survey, Lowell found the most common type of fraud in the UK is debit and credit card fraud (18 percent).
Other common types of fraud, which affect nearly one in 10 British savers, includes internet banking fraud (nine percent), text fraud (eight percent), mobile banking fraud (six percent) and cash machine fraud (five percent).
On the latter, consumers will need to be especially wary as a new cash machine scam has been identified.
The Mailonline reported a new scam has been discovered which involves tricking people into thinking there is only one slot on a cash machine which serves both withdrawal and deposit services.
A new cash machine scam has been uncovered (Image: GETTY/PA IMAGES )
Scammers are now covering withdrawal slots with a plastic sheet/box.
As consumers use the machine to receive cash, the money stays behind this cover, leaving people to assume the machine is broken and walk away.
Unfortunately, the machine does in fact dispense the money and fraudsters arrive later to take the money for themselves.
This trick was highlighted by a TikTok user who demonstrated how the scam works on a Nationwide cash machine.
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In light of this, the building society urged customers to remain vigilant for suspicious activity before withdrawing cash.
Speaking with The Mirror, a Nationwide spokesman said: “The type of incident highlighted in the video, although rare, can happen to ATMs anywhere at any time.
“Nationwide has a range of measures in place to try and combat these types of scams.
“However, as the video also demonstrates, it is important that people remain vigilant and check for any suspicious devices when using ATMs, especially those located outside.”
Scammers have been known to take advantage of coronavirus (Image: EXPRESS)
Fraudsters have, unfortunately, been known to take advantage of coronavirus over the last year or so and on July 22, the ONS highlighted just how problematic this has become.
The ONS detailed: “Estimates from the Telephone-operated Crime Survey for England and Wales (TCSEW) showed that there were 4.6 million fraud offences in the year ending March 2021, a 24 percent increase compared with the year ending March 2019.
“This included increases in consumer and retail fraud, advance fee fraud and other fraud and may represent fraudsters taking advantage of behaviour changes possibly related to the coronavirus (COVID-19) pandemic, such as increased online shopping and increased savings.
“For example, advance fee fraud offences included scams where victims transferred funds to fraudsters for postal deliveries; other fraud included investment opportunity scams.
“Although there has been an increase in fraud offences, only 24 percent of these offences resulted in loss of money or property, with no or only partial reimbursement.
“Reported fraud offences are recorded and collected by the National Fraud Intelligence Bureau (NFIB) from Action Fraud and two industry bodies, Cifas and UK Finance.
“Action Fraud (the public-facing national fraud and cybercrime reporting centre) reported a 28 percent rise in fraud offences (to 398,022 offences) compared with the year ending March 2020.
“The data showed a 57 percent increase in ‘online shopping and auctions’ fraud in the latest year (from 62,509 to 97,927 offences) and a 44 percent increase in ‘financial investment fraud’ (from 14,024 to 20,260 offences).”