Avoiding Common Banking Scams: Essential Tips for Protecting Your Finances

Ways to keep scammers away! Discovering a new bank account in your name or noticing unauthorised transactions on your statement can be alarming. Unfortunately, as our reliance on technology grows, so does the threat of banking scams. In 2023 alone, consumers in the US lost over $10 billion to fraud , according to the Federal Trade Commission (FTC). In the UK, in 2002, some £1.2 billion was estimated to have been lost to fraud, 80% of it from online scams. But there's good n