More than one in three (35%) adults in Ireland have experienced fraud but over a third of fraud victims never report it, according to new research from the Central Bank.
The study found that nearly two thirds of victims lost money as a result of the fraud, with most victims losing “relatively modest amounts” (39% losing less than €249).
The Central Bank research identified investment fraud as a “particular concern”, with the regulator saying that although it impacted just 7% of respondents, investment-fraud victims typically lose more substantial amounts.
According to the findings, online-purchase scams were the most common type of fraud (affecting 48% of victims), followed by debit and credit card fraud (34%).
Other prevalent scams included delivery service impersonation (15%) and phishing/email scams (13%).
The report said “risky online behaviours” were the “single strongest…
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