The amount of money lost by romance scammers has increased by 60% in the last six months
Heartless: Victims of romance scams lose an average of £10,000 to fraudsters
According to Barclays, the amount of money lost by victims of romance scams has increased by 60% in the last six months.
Scam victims lose an average of £10,000 to fraudsters, according to bank research. More than a third of Britons have been targeted by romance scammers or know someone who has.
Barclays’ Ross Martin says the surge is due to scammers developing ‘new tactics’.
The bank says criminals are using the cost of living crisis as a way to manipulate victims into sending money, with more than a quarter of people admitting they would send money to someone someone they went out with to help them with day-to-day expenses such as food and bills. .
People between the ages of 51 and 69 account for more than a third of the money lost.
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