A cyber threat intelligence firm has found 324 registered scam domains using the trademarked names of five of the UK’s top high street banks and wealth managers.

The FCA said that over one in 10 of the 106,000 contacts it received from consumers last year were to report a financial scam and ask what the next steps were.

The FCA has issued warnings today about two firms which it says may have been providing financial services or products in the UK without authorisation.

A retirement study has estimated that over one million people aged over 45 have fallen victim to online scams.