Students can help protect their finances by being vigilant with their personal information.
That is the opinion of Tony Neate, chief executive of Get Safe Online, who has advised people heading off to university to do everything possible to prevent themselves from becoming a victim of financial crime.
Research conducted by the Student Loans Company indicated that many youngsters take a laid back approach to keeping their data secure, with 56 per cent of freshers admitting they will invite new people they meet to become friends on Facebook.
However, Mr Neate has warned that while starting university is undoubtedly a great chance to meet new people, students must still be guarded by carefully considering about how much information they share on social networks.
"You might never see that person you met in freshers' week again, but they’ve still got all your personal information and the opportunity to get their hands on your finances," he added.