Fraudsters gain full access to bank account with cost of living scam

Impersonation scams are also popular, with fraudsters pretending to be from groups such as Amazon.

Scammers have even called people up pretending to be from HSBC UK’s fraud team to tell them that their account is at risk.

This will usually be after the fraudsters have sent a bogus text, from a group such as Royal Mail, asking for a small payment and to input their account details.

The hoax callers will tell the customer they need to move their funds to a “safe account”, which will in fact belong to the scammers.

Investment scams are also on the rise, often involving fake bonds or cryptocurrency.