UK Scam Trends: Courier Fraud, Investment Scams, and Online Shopping Fraud on the Rise
This week, Action Fraud and police forces across the UK have issued warnings about a range of scams targeting families. From courier fraud to investment schemes and online shopping cons, criminals are using increasingly sophisticated methods to part you from your money. Here’s what you need to know.
Courier Fraud
Courier fraud continues to be a significant threat, with victims losing over £19.6 million in just three months, according to City of London Police. This scam typically involves criminals calling you, pretending to be from your bank or the police, and convincing you to hand over your card or cash to a ‘courier’ or to transfer money to a ‘safe account’. Recent cases include an elderly woman in Suffolk conned out of £4,000, and warnings issued in Hampshire, Warwickshire, and Rugby.
What it means: These scammers prey on trust and fear. They may spoof phone numbers and use convincing stories to pressure you into acting quickly.
Actionable takeaway: Never hand over your card, PIN, or cash to someone who comes to your door, and never transfer money to a ‘safe account’ – banks and police will never ask you to do this. If you receive such a call, hang up and report it to Action Fraud.
Investment Fraud
Investment fraud is also on the rise, with over £649 million lost in 2024, according to City of London Police. Cryptocurrency fraud is a growing part of this, and the FCA has issued a fresh warning about ‘pump and dump’ crypto scams, where fraudsters artificially inflate the price of a cryptocurrency before selling it off, leaving investors with worthless assets.
What it means: These scams often promise high returns with low risk, and may use social media or fake websites to lure you in. They can be hard to spot, but if an investment opportunity sounds too good to be true, it probably is.
Actionable takeaway: Always check that any investment firm is authorised by the FCA using the Financial Services Register. Be wary of unsolicited investment offers, especially those involving cryptocurrencies.
Online Shopping Fraud
Online shopping fraud has surged by 164%, according to the Daily Mirror. This often involves fake websites or ads for goods that never arrive, or items that are counterfeit or of poor quality. With the holiday season approaching, more people will be shopping online, making this a prime time for scammers.
What it means: Criminals set up realistic-looking websites and may even advertise on social media. They take your payment and disappear.
Actionable takeaway: Shop with reputable retailers and use a credit card for purchases over £100 for extra protection. Check reviews and look for secure payment options. If a deal seems too good to be true, it probably is.
Other Warnings
- Impersonation scams: Average losses are up 10% in a year, according to Lloyds. These involve criminals pretending to be from your bank, the police, or a trusted organisation.
- Romance fraud: Costs UK victims £102 million a year, with reports surging by nearly a third, according to Northamptonshire Police. Never send money to someone you haven’t met in person.
- Payment diversion fraud: Criminals stole £101 million through this method, where they intercept invoices or emails and change bank details. Always verify payment details directly with the supplier.
Stay vigilant and report any suspected scams to Action Fraud.
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