In recent times, bank transfer fraud has been becoming more and more common. This happens when fraudsters imitate trustworthy organisations such as banks and attempt to entice people into moving money out of their accounts.
The deadline for submitting PPI claims passed yesterday (29th August). No new applications can now be made. Over the past 10 years, millions of people have claimed a total of over £36 billion in compensation.
The 'press 1' scam is the latest type of phone fraud affecting consumers in the UK and around the world. It is particularly threatening and persuasive because of its focus on money and bank transactions.