Surge in scams targeting consumers but younger people 'complacent' about being stung, study finds

Data for the first half of 2024 shows the volume of investment fraud attempts has jumped by 76% compared to the same period last year.

There has been a massive surge in consumers personally targeted by scammers, with young people especially complacent about being stung, Bank of Ireland research has found.

Data for the first half of 2024 shows the volume of investment fraud attempts has jumped by 76% compared to the same period last year. Growth in investment fraud is “the most concerning trend”, it said.