More and more youngsters under the age of 21 are falling victim to money scams, according to the anti-fraud organisation Cifas. In the first nine months of the year, it said, 3,527 young people had experienced identity fraud, an increase of 24% on 2017. Most of the cases involved debit, credit and store cards. They include instances where criminals have applied to banks to get the cards issued in false names. "Our new figures are alarming to say the least," said Mike Haley, the chief executive officer of Cifas. "For all of us, as parents, teachers, and responsible citizens, we have a duty to ensure we're taking every opportunity to educate young people on the dangers of becoming a fraud victim - and equally, a perpetrator of fraud." In most cases, the banks usually accept liability where individuals have not been negligent.

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