Scams are becoming more and more frequent in daily life.

Data from the ONS indicates that online fraud rose by as much as 70 per cent during the pandemic, with the disruption of lockdowns and greater use of online services giving fraudsters new opportunities to strike.

Although it’s a situation everyone hopes they can avoid, it is a good idea to know what to do if you do find yourself a victim of a scam. Here, Al Ward, head of customer savings at Choices by abrdn explains five top actions to take:

1. Contact your bank

If you have been scammed and have paid money over, you should get in contact with your bank as soon as possible.

You should tell them exactly what has happened and give them any details you can of where your money was sent, including the account number and sort code used if you have them.

Your bank may be able to stop the transaction going through, or even recover the money from the account you sent it to.

2. Report the scam

Once you have…

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