Identity theft is one of the biggest problems facing internet users with online banking fraud losses alone totalling £21.4m during the first six months of this year.
One particular swindle involves fraudsters phishing for your details.
Phishing is when criminals attempt to gain our banking details by impersonating our bank and requesting sensitive information.
It usually entails an email asking the customer to verify their information. These emails often link to a website which will look exactly your bank's official website.
You'll be encouraged to enter your details and password into the site which will then be sent to the criminal, who will then have access to your online bank account.
These phishing emails are getting increasingly sophisticated. Some have even begun to impersonate government departments such as HMRC.
Dom's advice - how to avoid falling hook, line and sinker
If you're ever in doubt about an email always contact your bank directly.
Be aware that UK banks will never contact you requesting passwords or to verify account details.
If you get an email addressed to you generically such as "Dear Valued Customer" it's not likely to be from your bank; after all they should know your name.
If you think you have given your details to a phishing scam you should contact your bank immediately.
Click here to visit Bank Safe Online for more information.