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Evening Standard
Evening Standard
Vicky Shaw

‘High-stakes’ frauds and fake texts among scammers’ tactics, Barclays warns

While fraudsters are targeting victims with higher-stakes opportunities, Barclays said it is also seeing the resurgence of scams via text message (Mike Egerton/PA) - (PA Archive)

High-stakes fraud and traditional text message scams are being favoured by fraudsters, according to data from a major bank.

Barclays said that its own data indicates investment scams, which often involve significant amounts of money, are making up a growing proportion of the value of fraud cases reported to it.

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