A fraud awareness leaflet has been sent to Island residents this week to raise awareness of the crime.
The Isle of Man Bankers Association, police and Victim Support have produced the pamphlet which was delivered on Monday as well as going out across social media.
The three organisations say more people are being affected by the crime as the use of technology becomes more accessible across the generations.
Peter Reid is the president of the Isle of Man Bankers' Association:
Hospitality body hits out at government
A hospitality body is demanding the government lowers VAT and income tax.
No problems with digital ID, says minister
The Island's Home Affairs Minister says her department hasn't had reports of problems about a new digital ID system.
Government advertises £130k data protection boss job
The government is advertising in a UK newspaper for a new head of data protection - with a salary of £130,000 a year.
Second vehicle stolen from Ballasalla
Police are appealing for help finding a second vehicle taken from Ballasalla overnight.
Beach water quality good or excellent, says government report
All but one of the Island's designated bathing beaches have good or excellent water quality, according to a new report.
Interactive family percussion event this Saturday
Fancy taking a trip across land and sea in the form of percussion music this weekend?
Have you seen stolen motor?
Police are asking for your help tracing a car stolen in Ballasalla overnight.
Keys to discuss Braddan Roundhouse
Braddan's Roundhouse will be on the House of Keys question paper for the next sitting.
