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The Global Anti-Scam Alliance (GASA) has published the ‘State of Scams in the UK’ report, showing that one in five consumers is targeted by scammers, losing GBP 9.4 billion in total. The study was created in partnership with Cifas and Tietoevry Banking, showing that 20% of adults in the UK were targeted and had their funds stolen by scammers, with an average of GBP 878.60 per victim.
Millennials had an average of GBP 1,456.90 stolen, three times more than the losses reported by Gex X, with GBP 444.10. Additionally, 16% of UK parents with children aged between 7 and 17 mentioned that at least one of them has been a scam victim.
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