Skipton Financial Services
Thursday, July 6, 2017 - 13:30

The rise of financial scams

Download our 'How to spot a scam guide' to find out more


It’s an unfortunate fact of life that fraudsters are all around us – trying to take our hard earned cash through financial scams.

And while most of us would like this problem to disappear, worryingly, it’s becoming increasingly worse. So much that scams are now so rife, according to Financial Fraud Action UK, a person is targeted every 15 seconds in this country.

What is a financial scam?

A financial scam generally involves a fraudulent company or individual offering illegitimate opportunities over the phone, by letter, email or as door-to-door salesmen.

Nowadays, fraudsters are much more cunning and their offers can appear so real that many people don’t realise they’re being conned. With their professional guises, glossy brochures and believable websites, even the smartest of people can be fooled into a financial scam.

A growing problem

New research reveals just how easy it can be to fall victim to a fraudster, and highlights how much financial scams have increased recently. Money discovered that a staggering 5.9 million Brits have already been conned into a financial scam – while one in 10 said at least one of their online accounts has been hacked.      

Matt Sanders from Money said:

Financial fraud and cybercrime is a growing problem in the UK. According to the latest figures from the national fraud and cybercrime reporting centre, Financial Fraud Action UK, more than one million incidents of financial fraud occurred in the first six months of 2016. That’s a 53% increase year-on-year.

We want to help you

We don’t want any of our customers falling victim to a financial scam, and now the problem has become worse, we feel it’s vital that you’re clued up on the matter – should you ever need to be.

This is why we’ve produced a FREE, downloadable guide on ‘How to spot a scam’. Here, we tell you everything you need to know on financial scams; providing useful tips and information on:

  • Common types of financial scams

Including pension and investments scams, share fraud and boiler scams, and phishing and vishing scams.

  • How to protect yourself from a financial scam

Top tips on what to do/what not to do if you’re ever targeted.

  • What to do if you think you’re being targeted by a financial fraudster

Action you need to take if you think you’re being duped, along with useful phone numbers to contact for urgent assistance.

  • Useful websites you can visit
Download our 'How to spot a scam guide' to find out more 

By knowing just a few simple things, you might be able to protect yourself – and others – in case you’re every targeted.

We take your wellbeing very seriously and want you to be one step ahead of fraudsters trying to take your money.

Call us now on 0800 731 5342Request a Call Back

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