Banks have issued a warning about a sharp rise in fraud in 2022, much of it coming from online sources. 77% of frauds now take place on dating apps, online markets, and social media., Barclays reported.
According to TSB, the major causes of this were an enormous rise in impersonation, investment, and purchase fraud instances. It was discovered that fraudulent listings on Facebook Marketplace had doubled, while impersonation frauds on WhatsApp had increased thrice in a year.
Additionally, it claimed that there had been “huge fraud spikes” on Meta-owned platforms including Facebook and WhatsApp. Fraud, according to a spokesperson for Meta, is “an industry-wide issue,” the BBC reported.
“Scammers are using increasingly sophisticated methods to defraud people in a range of ways, including email, SMS, and offline,” the company stated. “We don’t want anyone to fall victim to these criminals, which is why our pla
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