Scammers are increasingly targeting consumers in English-speaking countries, with Ireland ranking second after the UK. There's been a 65% rise in scams on WhatsApp, where Irish users mistakenly believe they are safe. Revolut's report indicates that the average loss per scam on WhatsApp is significantly higher than on other platforms. The report also highlights that Meta platforms account for the majority of scams globally. Revolut warns consumers to remain vigilant against unsolicited messages on messaging apps.
"The illusion of security on encrypted messaging apps like WhatsApp is being ruthlessly exploited by criminals. Encryption does not equate to immunity from scams."
"We're seeing consumers increasingly letting their guards down to unsolicited WhatsApp messages more than any other platform, perhaps due to the belief that if someone has their number, they have a legitimate reason for getting in contact."
"The protection of our customers' funds is our utmost priority and we strongly urge people to recognise the threat that unsolicited WhatsApp messages can pose."
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