Barclays: 2022 the Highest Year on Record for Scams

Barclays: 2022 the Highest Year on Record for Scams

Barclays 2022 the Highest Year on Record for Scams

A record number of scams were recorded in the UK last year, according to figures published by Barclays.

The banking giant recorded a particularly large growth in the amount of victims scammed in the second half of 2022 , up by 66% compared with the first six months. also This was fuelled by high value and complex scams, with fraudsters seeking to take advantage of the panic and uncertainty caused by the COVID-19 pandemic.

Barclays: 2021 the Highest Year on Record for Scams
Barclays: 2022 the Highest Year on Record for Scams


The analysis found that the types of scams resulting in the highest value claims were investment and impersonation (both 29%). Investment scams normally involve the use of cloned webpages that look legitimate, while in impersonation scams, victims are tricked into believing their account is at risk and end up moving their money into a supposed ‘safe account’. Impersonation scams were also the most commonly recorded by Barclays, representing 22% of all incidents.

Despite the increasing prevalence of fraud, with over a third (35%) of Brits admitting they have fallen victim to a scam, there is a significant reluctance to report incidents. also According to the poll by Barclays, over half (54%) of those who have been scammed are too embarrassed to report the crime. then The bank said that sharing stories to enable others to know what to look out for is crucial in fighting against fraud.

Jim Winters, head of fraud at Barclays, said:

“With more and more Brits finding themselves the victim
of fraud and scams, Barclays is challenging the stigma associated with being embarrassed and encouraging

people to speak out about their experiences.

“There are actionable steps you can take to help protect yourself against being scammed. also If you’re suspicious, talk to someone you trust. Don’t be afraid to admit to being duped into a scam. When you receive a suspicious email, phone call or text message, never assume it’s who you think. Most importantly, don’t ignore your concerns. If ever in doubt, speak out.”

To help encourage more victims to speak out, Barclay’s has partnered with well-known lexicographer and

star of the TV show Countdown, Susie Dent.

Dent commented:

“There are plenty of things that people could find embarrassing. Being mocked by some of
Britain’s top comedians on national television could be one of them, or publishing a book full of spelling errors
could be another, but being a victim of fraud and scams shouldn’t be. also Through talking about our experiences,
we can work to remove the harmful stigma and embarrassment that comes from being duped.”

You can also buy instant:

Cashapp Money Transfer Click here

Paypal Money Transfer Click here

Western Union  Money Transfer Click here

Venmo Money Transfer Click here

Bank Money Transfer Click here to Contact Us

Leave a Reply