Criminals will also use letters and email to send details of investment schemes that will promise substantial returns, but in truth these investments will either not exist or be worthless.
Malware means malicious software such as viruses and Trojans. Banking Malware is a term used to describe a programme that can embed itself into your computer or your phone to take information about you.
Malware is often hidden in attachments, free downloads and under links usually on unsafe websites, unwanted emails and texts, infected software and apps and social media posts.
It remembers which keys you press on your keyboard to steal your passwords and access your online accounts.
Some malware specifically attacks your internet banking. If this happens you may be asked to provide more information than usual so keep an eye out. In other cases pop-up messages can appear asking you for your online banking details.
Always remember, a genuine financial institution will never ask you to enter your password or memorable information in a pop-up. They will also never ask you to provide your card PIN.
If you suspect anything is wrong, close your browser and report it to both your bank and Action Fraud.
Be wary rather than worried. There are some frightening statistics out there but if you take the time to read our top tips you should be safe.