Going back to school, college, or University? Do you know about the top frauds targeting young people? 

New data reveals almost 69,000 reports were received from people aged between 11yrs and 29yrs, Action Fraud, the national fraud and cybercrime reporting service, has launched a Student Safety Campaign, revealing the top frauds to look out for and how to prevent yourself from becoming a target. 

In 2024 the top five frauds reported are;

D.I Duncan Wynn, Head of Central Fraud Unit at Thames Valley Police, said:

“Fraudsters are extremely skilled in manipulating situations to make them appear as opportunities not to be missed. 

This can make things seem like a good deal but if you are being promised a return on your investment above market rates, seeing a property advertised to rent for much less than it should be or have spotted a job vacancy paying above average for very little input this is a sure sign something is not right. The same goes for items for sale, including concert and event tickets. If the price seems too good to be true, then it probably is.

Fraudsters will also use these fraud types as cover stories to try and gain access to your bank account. This is known as becoming a ‘money mule’ and is not a fast way to make extra cash. 

Allowing your bank account to be used (unknowingly or knowingly) to pass criminal funds through can result in your bank account being closed, you being unable to get a mobile phone contract or other credit facilities and a criminal record. 

Further information can be found at Money Mules – If it sounds too good to be true, it probably is.

When faced with a potential fraudulent situation, I urge you Take Five to stop, challenge and protect. 

Fraudsters will always prioritise isolating you from sources of support so stay connected and seek advice from professionals and peers to help keep you and your finances safe.”

Adam Mercer, Deputy Director of Action Fraud, said: 

“Everyone starting the new university or school year should be able to focus on new exciting experiences and meeting new people, but we know this is not the case for some. Young people can be a primary target for fraudsters. 

It’s important to look out for these top frauds and for students to protect themselves online, as well as in-person, from different types of fraud. By remaining cautious about contact with someone you don’t know, or being wary of purchasing online from unfamiliar websites, you can help prevent yourself from being a victim of fraud.

If you have been a victim of fraud, contact your bank immediately and report to Action Fraud online at actionfraud.police.uk or by calling 0300 123 2040. In Scotland, call Police Scotland on 101.”

What can you do to protect yourself from fraud? 

Here is some guidance to help students and others protect themselves online, whilst starting the new the school or university year.

If you’ve lost money or provided your financial information to someone, notify your bank immediately and report it to Action Fraud at actionfraud.police.uk or by calling 0300 123 2040. In Scotland, call Police Scotland on 101.