ConsumerSecurity

Online Marketplace Scams Surge as Counterfeit Goods Target Younger Shoppers

Nearly two-fifths of UK consumers have fallen victim to scams on online marketplaces according to recent data. Counterfeit goods and payment manipulation tactics are costing shoppers hundreds of pounds, with younger generations disproportionately affected.

Rising Fraud on Resale Platforms

Online marketplace shoppers are facing increasing risks from sophisticated scams, according to new research that reveals 37% of Britons have been defrauded while buying or selling on platforms including Vinted, Facebook Marketplace, and eBay. The data from credit reference agency Experian indicates that younger consumers are particularly vulnerable, with more than half (58%) of Gen Z respondents reporting they had been scammed compared to just 16% of those over 55.