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FRAUD VICTIMS: One in three married people don’t tell their spouse when they fall victim to fraud

 

FRAUD VICTIMS: New research has found that only a third of those who are married in the UK are willing to tell their spouse about becoming fraud victims, whilst less than a quarter are willing to admit it to their friends. Just 15% would tell their colleagues, and almost one in 10 didn't tell anyone at all.  
The emotional after-effects of being scammed can be very challenging - with people being left feeling not only angry and embarrassed, but also stupid and vulnerable.
Research has found only a third of married people told their spouse when they became fraud victims. Despite fraudsters becoming more sophisticated than ever in recent years, many Brits are feeling angry and vulnerable when targeted, often keeping their experiences a secret. Gavin was often on the lookout for new investment opportunities before he fell victim to fraud.
38-year-old Gavin from Yorkshire works in banking and thought he was pretty clued up on how to avoid getting scammed thanks to his job. Unfortunately, his anti-fraud training wasn't enough to stop him losing money in an investment scam.

 

With new research revealing many of us hold back from telling close friends, family and even our spouses when we've fallen victim to fraud, Sarah Card, Head of Delivery and Risk at Marcus UK by Goldman Sachs emphasises how important sharing the burden can be.Sarah is an expert on how we can keep our money safe, and gives her advice on how to spot a scammer.

 

  • With over 36 million British being targeted by a scammer this year alone, research conducted by Marcus by Goldman Sachs has found that just over a third of those married are willing to tell their spouse about being fraud victims
  • Less than a quarter are willing to tell their friends about being scammed
  • According to the survey, the emotional impact of falling for financial fraud is leaving people feeling angry, vulnerable, stupid and embarrassed

 

Despite the recent rise in scams and many fraudsters becoming more sophisticated than ever, many Brits are feeling angry and vulnerable when targeted, often keeping their experiences a secret. 

 

The new research conducted amongst 2,000 UK adults by Marcus by Goldman Sachs has found that it is common to keep experiences of fraud secret with only a third (37%) of married people telling their spouse about being scammed. What’s more - married men (33%) are less inclined than married women (43%) to tell their partners.

 

The research also found that less than a quarter (24%) of people told their close friends about being defrauded; 15% told their colleagues; and even more surprisingly, less than 1 in 10 (9%) told the legitimate organisation that a fraudster was posing as them, potentially leaving the fraudsters able to continue their scam. Almost one in 10 (8%) didn’t tell a soul.  

 

The aftermath and emotional impact of being scammed can also be really challenging, with people reporting feelings of anger (46%), vulnerability (25%), stupidity (25%) and embarrassment (17%), which could suggest the reason for keeping tight-lipped about their experience.

 

Older respondents (age 55+) are more likely to feel angry (65%) and vulnerable (28%) after being scammed. Younger respondents (18–34-year-olds) are the most likely to admit to feeling stupid (28%) after being scammed, while 35-54-year-olds are the most likely to feel embarrassed (18%). 

 

Although they felt embarrassed, those aged between 35 and 54 are also the most likely to spread the word about being defrauded, with almost a third (30%) saying they told most people they know, compared to only one in 10 (11%) of over 55-year-olds.

 

For more money stories, click here. 


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