Elon's Vision
  • Contacts
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Elon's Vision
No Result
View All Result
Home Investing

Police and banks tell shoppers to be vigilant for Black Friday scams

by
November 23, 2021
in Investing
0
Police and banks tell shoppers to be vigilant for Black Friday scams
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

Police and banks have warned consumers to be vigilant when shopping in this week’s Black Friday sales, with a rise in scams expected to cost shoppers milions.

Police said crime over the Black Friday and Cyber Monday period last year defrauded online shoppers in Britain of £2.5m.

Many never received goods they ordered from unfamiliar websites, and some were subsequently targeted by criminals using bank details given during transactions.

More than £15m was lost through fraud in the run-up to Christmas in 2020, with more than 28,000 reports of scams costing an average of more than £500. The numbers rose significantly because many bargain hunters were still avoiding high street shops, with a second lockdown imposed in the days before Christmas. Action Fraud, the national reporting centre for fraud and cybercrime, said that the incidence went up by 61% from 2019.

Action Fraud has advised consumers to take additional checks when shopping online, as Black Friday approaches on 26 November.

Pauline Smith, the service’s director, said people should always shop with official retailers, adding: “If you think you have found a bargain that is too good to be true, it probably is. Stop and think before making a purchase, as it could protect you and your money.”

Younger people were likely to be at risk, with just over a quarter of reports to the police coming from twentysomethings and more than half of scams involving electronic goods being purchases of games consoles such as Xbox or PlayStation.

People often fell foul of fake websites that looked identical to official vendors’ sites but were advertising goods at a much cheaper price. The fraud service particularly advised wariness if there was any pressure from a retailer to buy quickly.

Research from Barclays Bank found that many could be susceptible, with more than a third of Britons planning to shop online during the sales – and 14% of those happy to shop on unfamiliar websites for a bargain.

During last year’s Black Friday season there was a 17% increase in reported shopping scams with victims losing an average of £538, Barclays estimated.

Many would be open to common scams, with one in eight saying they would give their pin to a caller from a bank, and 25% saying they would help if asked to participate in an “internal bank investigation”.

The bank said the online sales were a great opportunity for fraud, and scammers often targeted victims again using details gathered in the first scam.

Read more:
Police and banks tell shoppers to be vigilant for Black Friday scams

Previous Post

‘Embarrassing’: Boris Johnson criticised for rambling speech to CBI

Next Post

AO World warns of product shortages as Black Friday nears

Next Post
AO World warns of product shortages as Black Friday nears

AO World warns of product shortages as Black Friday nears

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest

Jay Bhattacharya on Public Health

October 12, 2021

That Bangladesh Mask Study!

December 1, 2021

Antitrust Regulation Assumes Bureaucrats Know the “Correct” Amount of Competition

November 24, 2021
Pints of champagne could be the next ‘Brexit dividend’

Pints of champagne could be the next ‘Brexit dividend’

December 24, 2021

P.T. Bauer’s Reminders on Foreign Aid

0

0

0

0

P.T. Bauer’s Reminders on Foreign Aid

May 9, 2025
Luna Introduces PATRIOT Act Repeal Bill

Luna Introduces PATRIOT Act Repeal Bill

May 9, 2025
In Congress, a Move To Strip Courts of Contempt Powers

In Congress, a Move To Strip Courts of Contempt Powers

May 9, 2025

The Environmental Impact of Infrared Saunas

May 9, 2025

Recent News

P.T. Bauer’s Reminders on Foreign Aid

May 9, 2025
Luna Introduces PATRIOT Act Repeal Bill

Luna Introduces PATRIOT Act Repeal Bill

May 9, 2025
In Congress, a Move To Strip Courts of Contempt Powers

In Congress, a Move To Strip Courts of Contempt Powers

May 9, 2025

The Environmental Impact of Infrared Saunas

May 9, 2025

Disclaimer: ElonsVision.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Contacts
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 ElonsVision. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 ElonsVision. All Rights Reserved.