Cyber Defence Alliance warns scammers are using specialised software to steal millions | The IndependentNotifications can be managed in browser preferences.Jump to contentIndependentSwipe for next articleIndependent Bulletin homepageDownload ourSocial PartnerWe are 8 logo (opens in a new tab)AllNewsSportCultureLifestyleVicky ShawThursday 13 November 2025 02:24 GMTDigital Deception: Experts Warn of Evolving Online Scam TacticsUK businesses, charities and high-value bank account holders are being targeted by a sophisticated scam involving fraudsters gaining remote access to their online banking.Criminals initiate contact via phone calls, posing as legitimate bank fraud teams, often after a text message, to deceive victims into granting access.Victims are directed to fake bank websites, where they are tricked into installing software that grants fraudsters remote access to their devices and online banking platforms.The Cyber Defence Alliance reports that this scam has led to losses of tens of thousands of pounds, with some individual accounts losing over £1 million.Organisations like the CDA, Cifas and UK Finance are collaborating to raise awareness, urging people to be cautious and report suspicious calls to their bank using official contact methods.In fullWarning issued after fraudsters target high-value accounts for sophisticated scamsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in