Most, 70 per cent of people ignore their gut feeling in situations involving money, leaving them more vulnerable to scammers. That’s according to the bank, Barclays which also suggests that purchase scams – the most common type of scam, where people buy goods which never arrive or aren’t as advertised – have risen by 70 per cent, year on year.
The bank is urging people to take a moment and listen to their gut when making decisions. Especially as three quarters (75 per cent) of people have noticed an increase in suspicious or scam related activity in the last month and almost half (47 per cent) have been targeted by a scam by email and/or text in the last few months.
Investment scams, where you’re invited to invest in something that isn’t what it seems or doesn’t exist, are the highest value, and account for just under a third (31 per cent) of all money lost to scammers, the bank suggests. Despite this, research shows that most, 85 per cent of people choose to ignore their gut feeling when investing; according to consumer research.
Hence the bank has partnered with Dr Megan Rossi, to raise awareness of the important role the gut can play in helping people to identify if they are being scammed and provide advice for how to identify when your gut is trying to tell you something.
Dr Megan Rossi (PhD, Rd) says: “Your gut and brain are in constant two-way communication. This is known as the gut:brain axis, and is made possible…
