A fresh warning has been issued on scammers who trick people into handing over their savings.
High street banks are being asked by consumer watchdogs to reveal many people are still being targeted by this type of fraud, which can empty your acount in seconds.
These scams, which affect thousands of customers each year, occur when a customer is tricked into transferring their money into another account in the belief that it is legitimate, such as for security reasons or to pay off an outstanding bill.
Friday, May 28, marks the two-year anniversary of a voluntary code of conduct introduced by banks.
The code was designed to offer increased protection from scams, especially for vulnerable customers, by ensuring cash reimbursement was available in the event of fraud.
But two years on, this type of fraud is still affecting Brits and personal finance experts at money.co.uk are urging people to remain on the high alert against criminals.
James Andrews, senior personal finance editor at money.co.uk, said: “Changes…
