Data has revealed students in Suffolk lost nearly £850,000 last year to fraud targeting young people. 

Action Fraud is warning those heading to school, college and university about the top frauds after £143.7million was lost nationally in 2023 to people aged between 11 and 29. 

In Suffolk, there were 608 reports - with a total loss of £842,169. 

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The national fraud and cybercrime reporting service revealed the most common frauds for students to look out for are investment fraud, fake job fraud, rental fraud, online shopping fraud and ticket fraud. 

Investment fraud is the biggest scam - with a total reported loss of £29.5m nationwide. 

Criminals will look to target students looking to make quick wins with available cash through cryptocurrency or schemes with a promise of a high return investment. 

Young people are usually targeted through social media and online where many investment schemes take place.

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Adam Mercer, deputy director of Action Fraud, said: "Everyone starting the new university or school year should be able to focus on new exciting experiences and meeting new people, but we know this is not the case for some. 

"It is important to look out for these top frauds and for students to protect themselves online, as well as in person, from different types of fraud. 

"By remaining cautious about contact with someone you do not know, or being wary of purchasing online from unfamiliar websites, you can help prevent yourself from being a victim of fraud."

Anyone who believes they may be a victim of fraud should contact their bank immediately and report it to Action Fraud online or by calling 0300 123 2040.