Financial fraud happens every 15 seconds
Every 15 seconds, a financial scam happens in the UK – amounting to more than a million in the first half of this year. This information was released by Financial Fraud Action UK (FFA UK) today, as it launches a campaign to combat financial fraud.
The campaign, named Take Five, wants to remind everyone to take five minutes of their time and think about if that email or SMS message they just received really was from their bank, or from someone pretending to be their bank. Email and SMS messages are a very powerful tool for scammers who use phishing techniques to try and get their hands on a victim’s banking details.