Two people in Co Down have lost over £20,000 to scammers in yet another banking fraud.
On both occasions the victims have been informed their banking details have been compromised, and encouraged to move funds to holding accounts to prevent further loss.
The cash is then transferred to third part accounts, which are situated outside the UK.
Police are investigating the two separate reports of high value frauds which were reported within the last 48 hours.
The advice is that recognised banking institutions will never contact you by phone requesting you move cash to third party accounts.
You should never disclose personal or financial details to a cold caller.
“We would encourage the community to review their banking security, and discuss with any family members they deem vulnerable to be aware of such scams,” said a PSNI spokesperson.
For further information regarding scams click on the link below.