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Santander warning as savers left out of pocket

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READ MORE: Drivers face up to £1,000 fines for commonly used 'thank you gestures' on roads The customer clicks on a link and shares their contact details to find out more.

They are then contacted by phone, email or social media, and offered high returns with "little or no risk". Fraudsters often use high-pressure sales tactics.

They are told to download specialist software to support them opening cryptocurrency accounts. The software is remote access software, giving the fraudster full access to the customer's computer.

The customer opens cryptocurrency accounts and deposits money in them. The fraudster then freezes access, and takes over the customer's account, leaving the victim unable to access their money.

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