Research shows 5.2 million people have fallen victim to scams during coronavirus crisis

Research carried out by insurer Canada Life has revealed that 5.2 million people in the UK have fallen victim to scams during the coronavirus (COVID-19) pandemic.

Research carried out by insurer Canada Life has revealed that 5.2 million people in the UK have fallen victim to scams during the coronavirus (COVID-19) pandemic.

Canada Life's research showed that the most common financial scams are banking scams, followed by insurance scams and pensions scams.

Victims lost an average of £566 per scam, the research found. 48% of people surveyed said that the scams are so convincing they are difficult to spot. 55% stated that falling victim to a scam has taken a toll on their mental health.

Commenting on the research, Andrew Tully, Technical Director at Canada Life, said: 'Falling prey to a scam can be devastating, not only for the individual involved but also for their family and friends.

'The COVID-19 pandemic has provided a fertile opportunity for 'lowlifes' to prey on not only the vulnerable but also people who are worried and anxious about both their health and their wealth.

'We all need to be on our guard for any signs of fraudulent activity as scammers continue to evolve and adopt ever more sophisticated and ingenious ways of encouraging people to part with their hard-earned money.'

Xero - Silver Partner ACCA logo IPSE Logo Sage Accountant Partner
About our team

As well as general accountancy and tax skills, our two directors also have individual specialist skills which enable us to provide clients with a first class service as and when required.

Learn more

Latest news
Contact Details

Please call:
01953 600683

Grant Matthewson, Wymondham Business Centre, 1 Town Green, Wymondham, Norfolk NR18 0PN

Home | Contact us | Site map | Accessibility | Disclaimer | Help |

© 2021 Grant Matthewson. All rights reserved. powered by totalSOLUTION

We use cookies on this website, you can find more information about cookies here.

Statutory Information: Grant Matthewson Limited are registered in England & Wales. Registration number: 4575000. Registered office address: as above.