WhatsApp scams spike by 65% as average losses total €1,200, Revolut warns 

Fraudsters are increasingly targeting WhatsApp users, moving away from other known platforms, Revolut added

Revolut today released its third Consumer Security and Financial Crime Report, revealing Meta platforms remain the biggest source of all scams globally (58%) in 2024.

Fintech giant Revolut has warned Irish customers to be vigilant as they are increasingly targeted by WhatsApp scams, losing on average €1,200, despite the perceived security of the encrypted messaging platform.

Ireland ranked as the second worst affected in 2024, coming behind the UK, with Revolut noting that the rising number of WhatsApp scam cases highlights a common misconception among consumers: encrypted messaging platforms like WhatsApp, while private, offer little protection against fraud, and are being actively targeted by criminals across Ireland.