Fraudsters stole almost €100 million from Irish consumers last year – an increase of 16 per cent on 2022
Earlier this month Pricewatch received a call from a man who identified himself as Darren and he had some very, very good news for us.that we bought – or had won or been gifted – in 2017 had jumped in value and was now worth in excess of €130,000 but because of inactivity on the account the funds had been frozen and we needed to act quickly to unfreeze them.
How do I find you? We were actually wondering the same thing. This was no random cold call. Darren and Jimmy Hayes had my mobile number – obviously – but they also knew my name.
While the scam that Darren and Jimmy were trying to perpetrate is pretty transparent when looked at in this context it is too easy to imagine people being conned by them – and they are. According to recent data from theCard fraud accounted for 95 per cent of fraudulent transactions, which amounted to a total of €35.2 million, or 36 per cent of the losses.
According to Garda figures more than 30 per cent of all accommodation fraud scams take place in August and September and last month alone – weeks before the peak season for the criminals – 12 people lost a combined total of more than €20,000 with the chances of any of that money being retrieved pretty remote
Her credit card provider was “no help whatsoever” as she had authenticated the payment but only because the booking platform had advised it was a genuine listing. If a landlord claims to be out of town or says they are living abroad so cannot show the property in person, people should be very, very cautious. Scammers will also often request a deposit and possibly the first month’s rent upfront without showing you a lease. But the criminals have other tricks up their sleeves and may send false contracts or fake keys to make the scam appear legitimate.
When asked whether feel felt personally at risk of financial fraud, 43 per cent of people rated themselves as having little or no risk of fraud in the next six months, climbing to 52 per cent in the 18-30 age category, showing a high degree of complacency or overconfidenceOne area of growing concern is investment fraud, with the volume of investment fraud attempts surging by 76 per cent in the first six months of the year compared with the same period in 2023.
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