Financial fraud is inflicting a deep and lasting emotional toll on consumers worldwide, with anger, anxiety and shame emerging as the most common responses among victims, according to new research from LSEG Risk Intelligence.
The global study and report, After the scam: The emotional and financial impact of global fraud, surveyed more than 21,000 adults across 14 countries and found that the impact of scams extends far beyond financial loss. It fundamentally alters how people feel, behave and trust others.
David Wilson, Group Head at LSEG Risk Intelligence, comments:
“Every transaction has a story – and too often, that story is one of anger, anxiety or shame. Our research shows that fraud leaves a lasting emotional impact that changes how people behave and whom they trust.
“The emotional damage caused by scams creates a wider trust deficit. When people no longer feel confident…
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