1. Money mule requests
Money mule requests happen when people, either knowingly or unwittingly, allow a criminal to use their bank account to move stolen money.
These will often appear on social media posts or emails.
Tactics employed include sending funds “in error” which people are asked to return to a different bank account, asking people to apply for credit or bank cards on behalf of someone else, or convincing people to move money sent to their account (taking a cut) as a “favour”.
Offences for this kind of scam can result in up to 14 years imprisonment, Which? said.
2. Card theft
Which? is warning consumers to remain vigilant by keeping a close eye on financial accounts and personal credit reports, notifying banks of anything unusual immediately.
Most banks will offer free balance and payment text or email alerts. Where possible, use ATMs located inside bank branches as these are less likely to have been tampered with, the consumer group said.
3. Fake apps that target bank accounts
Which? said people should read reviews of apps and developers as these might give a clue as to their legitimacy.
4. Spoof calls or texts
A common technique deployed by fraudsters is to imitate legitimate companies, often banks.
Scammers may also make automated calls with pre-recorded messages inviting people to press numbers on the keypad to speak to them about an issue, such as a suspect payment.
Criminal gangs will often have personal details about victims already, making the scam more believable. Fake texts are also a way of enticing people to click on links that can at first appear legitimate.
Which? said people should never simply trust the caller ID that comes up on a call. Banks will never ask for personal information to be handed over on the phone. If there are concerns about the authenticity of a message, contact your bank or card issuer on a trusted method.
5. Online purchase scams
Criminal gangs pay for fake or misleading adverts online in a bid to lure unsuspecting victims in, often by offering low prices for high-value items, such as mobile phones or laptops.
Warning signs of a fake website may include spelling and grammatical mistakes and a lack of contact details.
Which? suggested people should stick to trusted retailers and remember that paying via bank transfer may offer less protection than paying by card.
