Barclay's has warned consumers could lose out on £1,000 because of Black Friday deals.
Reports of purchase scams jumped by around a third after Black Friday and Cyber Monday last year, compared with the usual monthly averages, according to Barclays. The bank said around £1,072 was typically lost due to scammers.
Barclays confirmed the majority of scams originated on social media and dating platforms including Facebook, Instagram and Twitter. Survey findings from Barclays suggest nearly third (32%) of people feel pressured to make a purchase as quickly as possible to make sure they get the best deal.
