This post was originally published on Finextra (Security)
New research from Barclays Bank reveals that one in five consumers fell victim to a scam in the last year.
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The research was conducted by Censuswide between 6th – 10th December 2024, among a sample of 2,000 consumers.
The vast majority of those who reported losses – 93 per cent – fell victim online. An additional two in five were targeted but managed to identify the scam before handing over their hard earned funds.
Over a third know someone who has fallen victim to a scam – one in five said their parent was scammed, while eight per cent said their grandparents fell foul of fraudsters.
Barclays proprietary scam claim data shows that January was the month with the highest value of reported scams – largely driven by a spike in investment scams, which accounted for 53 per cent of the month’s claim values. The average investment scam claim in the last year amounted to £15,564 – higher than any other scam type – and accounted for £1 in every £3 claimed by victims in the last year. Despite this, investment scams represented
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