According to O2’s customer service forum – many customers received phone calls from scammers in August, claiming to offer a 40% discount.

One unlucky customer from Ireland answered the call, in which the criminal was offering the discount and needed to verify her identity to apply the discount to her account. He claimed O2 would send a security code which she would need to repeat. Little did the victim know that this code would be from the real O2 and would be the security code the scammer needed to access her account.

However luck was on her side, as she told The Impartial Reporter. O2 managed to lock the scammer out of the account before they helped themselves to a brand new iPhone or similar – if not, she could have lost out on £1,049.

Finance expert predicts cost of living may lead to more falling victim to scams out of desperation

Mitchell Baxter, personal finance expert guru from Vouchers.co.uk says, “With the cost of living crisis putting millions of Brits out of pocket, more are likely to fall for circulating scams that are aiming to exploit the vulnerable.”

“The best advice we can give is if the offer seems too good to be true, it usually is. To check an offer’s authenticity, close down the application whether it be a call or a text and access the relevant account on a different device. If your offer is valid, the customer service team at whichever business will be able to verify this or confirm if it’s a scam.”

4 current cost-of-living cons targeting Brits:

Fake cost of living payment texts that empty your bank account

Given cost of living payments are due to be applied to energy bill accounts, criminals are sending texts, claiming to be from Ofgem and requesting people to apply for their £400 rebate.

Victims would do so by clicking on a link, entering their bank details and potentially losing the contents of their bank balance.

The real rebate is being paid directly to energy suppliers by central government, and can only be accessed as a reduction to your energy bills over a six month period.

Facebook Marketplace scammers charging drivers up to £1,500

Those looking to cut vehicle costs could be opting for purchasing a bargain motor on social media. However, Vouchers.co.uk warns drivers to be vigilant – as car scammers offering vehicles at too-good-to-be-true prices would then go on to pressure motorists to send deposit money to ‘hold the car’ before you buy.

In some cases, the car will either not exist or not be legitimately for sale. After you’ve paid the holding fee, which could be up to £1,500, the ad would disappear resulting in a loss of money.

Royal Mail scams that could cost you £300

Some criminals are posing as delivery companies and requesting additional payment for delivery. If expecting a delivery, it seems quite likely for Brits to fall for a seemingly innocent text message from Amazon or Royal Mail.

One victim told The Guardian that she was expecting an import charge, clicked on the link in the text from the delivery company and completed the form. Next, £300 was taken from her bank account and the victim spotted that the criminals had rapidly used the money to purchase themselves an electric scooter.

Food voucher scams gain access to personal information

Circulating email vouchers from supermarket chains claim to be offering shoppers £45 off their next grocery shop. The email contains a link, directing to an official looking phishing website designed to steal login credentials and purchase information.

Criminals could then go on to make a purchase on a victim’s behalf using their private information.