How to spot a scam email

Fraudsters are increasingly targeting victims through scam emails purporting to be from your bank. Moneywise TV reveals how you can stay safe from even the most sophisticated scam email.

It used to be that a conman had to knock on your door to rip you off. Today, there's a much easier way of targeting you  - an email straight to your inbox.

The most common type of email scam is 'phishing'. This is an email from a fraudster masquerading as an organisation like your bank. They'll ask you to log on, confirm account details and passwords and then use these to plunder your account.

So how can you spot a phishing email? The biggest giveaway is the content. Your bank will never contact you by email to confirm confidential information.  Someone who isn't your bank is highly unlikely to know your name so might address you as 'a client' or 'valued customer'.  Some emails are more convincing than others - look out for spelling errors and poor grammar.

You may also find offers to work from home in your inbox. If they promise lots of money for little work be on your guard. You'll either need to pay money up front or find it's commission only. Genuine work from home schemes will tell you exactly what you need to do and how and when you'll be paid.

Winning a lottery is a dream, but  ignore any email claiming you've won a guaranteed prize. You'll have to pay a fee to claim your so-called winnings and may have to call a premium rate number and provide financial information.

More sinister is the Trojan scam. These are emails that install viruses in your computer by getting you to follow links to malicious websites. Watch for any messages that attempt to alarm you – saying your credit card has been charged for example - or those offering dramatic information such as news on terrorist attacks.

These are some of the most common scams but the list is endless. Protect yourself by being vigilant of unsolicited email and install quality anti-virus software on your computer and keep it up to date.  And remember the old adage, if it looks too good to be true, it usually is.

Your Comments

Hi I can see this  subject is bit old but I decide to post this is the problem I have LLOYDS IOM OFF SHORE  restricted my account no warning no explenation ..around 60 000 poudsn got taken my internet ,phone banking mail statements everything got cut ..did complain to in house customer service help there they gave me some round a round answer ..I think this person who answered my complain just does not care and has no power...two people dealt with my case ..both pretty mean man and one reasoning with them..obvious bias..women got really irritated that I kept calling about my accounts and persuaded on shore LLOYDS to cut my services as well..I got it back ..they said they got direction from this person but realised no problem with my accounts ...Now I been banking with LLOYDS for 25 years issues ,no debt,no direct debit set up,I dont owe any payments for anything ...physicaly last time I was in UK was 1996 ..and last year after 20 years I came to visit some friends there...never put large amounts of money into those accounts ...didnt do any transfers outside LLOYDS ..actually those 3 accounts I have/had with LLOYDS mostly been dormant ...i think I put maybe around 5000 pounds to those accounts over the period of last 11 years ..took out maybe 22 000 over the same period of time all standards very low money traffic but newer the less I got singled out for EDD and high risk !!! I have to fight to get my money back somehow..does anyone had/has same experience with LLOYDS IOM OFF SHORE ??