Shoppers have been warned to be on the lookout for potential scams this Black Friday after one bank saw customers losing out on large amounts of money over the pre- Christmas shopping period.
Black Friday on the last Friday of November sees retailers drop prices, often leading to huge queues and crowds at the shops to snap up discounted items, while Cyber Monday after the weekend similarly sees online retailers run sales and promotions. Unfortunately, opportunistic scammers are likely to take advantage of the popular shopping window to con customers into parting with their cash.
Barclays bank reported that it saw scams jump by a third (34%) compared to usual monthly averages following Black Friday and Cyber Monday this time last year. The bank said that around £1,072 was typically lost to scammers as people hunted for shopping discounts and deals.
