Financial Scams: Victims Lose Over £16,000 on Average

People contacting a financial scams helpline over the past year have typically lost more than £16,000, according to a Government-backed body. The Money and Pensions Service (MaPS) said that, between April 2023 and March 2024, the 833 people who contacted a dedicated helpline lost a total of £13.6 million. The average loss to fraud was £16,297 per person.

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