HMRC cautions against fraudsters using email and text messages to scam them out of their savings.
UK consumers lose £87,000 every day to fraudsters who pretend to offer this rapidly growing financial product.
Consumers are at risk of having their bank accounts shut down due to a rise in them being used for ‘money muling.’
Nearly a fifth of over 55s targeted by an investment scam do not report it, according to the Financial Conduct Authority.
In light of high-profile cyber attacks, Jeff Salway runs through the risks faced by investors and how to minimise them.
Almost 600,000 cases of fraud were referred to the National Fraud Intelligence Bureau over the past year, a 9.4 per cent increase.
Police records show a startling increase in the amount of 'pension liberation' fraud in May 2015.
Fraudsters will look to deprive vulnerable pensioners of their life savings come April, KPMG warns.
The Serious Fraud Office (SFO) will investigate book-keeping practices at Tesco following a £263m black hole uncovered in the firm's accounts.
Barclays' shares slipped by 10 per cent before recovering after allegations the bank defrauded customers using its dark pool trading platform.