Barclays data shows millennials and men are particularly susceptible - men’s average investment scam claim increases to £16,306, while claims by young people aged 21-40 account for 48 per cent ...

Romance scams are one of the most visible signs of a deeper issue: digital identity fraud. Marko Maras, CEO of Trustfull, ...

Barclays reports that the proportion of claims made against invoice and mandate scams doubled for those age 61-70 with the avergae claims at £12,000 - a 24.6% increase over previous months.

July accounted for 12% of romance scam claims made last year, with the number of reports around two-and-a-half times higher than the Valentine’s period in February 2024, Barclays’ analysis found.

You can also report scams to Police Scotland on 101. For scam emails, forward them to [email protected], and for scam text messages, forward them to 7726 for free.

Barclays has issued an important warning to its customers who are at risk of losing thousands of pounds. The bank is warning customers of investment scams, which made up a third of all money lost ...

Barclays has issued an urgent warning to its customers, advising them to 'act immediately' and 'reset credentials'. The bank is urging account holders to exercise "caution" and remain vigilant as a ...

Barclays found that while men account for the majority of romance scam reports received, women typically lose more money. Female victims lose £8,900 while men lose around £3,500, on average.

These scams resulted in an average loss of £980 per victim. Dr Pete Brooks, chief behavioural scientist at Barclays, commented: “Scammers create a perceived scarcity and therefore ‘value’ in what they ...

At the moment, the feature is only available to Barclays Premier customers – who must have £100,000 saved or invested with the bank, or pay in an annual salary of at least £75,000 – but Barclays says ...