The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) are urging the public to be vigilant when receiving unsolicited offers about their pensions and to check who they are dealing with.
Action Fraud is issuing a warning as reports show that fraudsters are registering domain names to look like they belong to UK university email addresses.
Cyber criminals are sending victims their own passwords in an attempt to trick them into believing they have been filmed on their computer watching porn and demanding payment.
The City of London Police, which runs Action Fraud, the national fraud and cyber crime reporting centre, has revealed that cyber crime victims lost £28 million.