Natwest reports that Facebook Marketplace is most popular site used by scammers. This comes ahead of Black Friday, which Natwest also reveals.

  • For fraudsters, social networking is a popular option.
  • NatWest Research: Black Friday shoppers flood online to shop
  • Data from banks on scams reported between September 1, and November 22, 2008
  • Facebook Marketplace was the site where more than 1000 scams were reported

NatWest has found that Facebook Marketplace is most commonly used by scammers. Instagram and Gumtree are the other top sites, ahead of Black Friday. 

According to the bank’s research, scammers are most likely to target social networks.

According to data collected from September 1 through November 22, Facebook was followed closely by Instagram as the leading site for selling and buying goods.

This report is coming as Black Friday is expected to be a busy shopping day online.

Scammers are also fond of eBay and it was ranked third with Gumtree and advertisement website Gumtree fourth, NatWest stated. 

NatWest research has found social networking sites are most targeted by scammers ahead of Black Friday

NatWest research found that social networking sites were most popularly targeted by fraudsters before Black Friday

More than 1,000 scams were reported on Facebook Marketplace between September 1 and November 2, research has shown. Pictured: Facebook CEO Mark Zuckerberg

Research has revealed that more than 1000 scams were reported to Facebook Marketplace in the period September 1, 2012, through November 2, 2012. Pictured: Facebook CEO Mark Zuckerberg

According to the research, common frauds found on social networking sites included advertising products that are heavily discounted.

A popular fraud involves the seller asking buyers to make a payment through a bank transfer to cover the cost of the product before it arrives. 

Jason Costain, Head of Fraud Prevention at NatWest, said: ‘Don’t let fake influencers or sellers steal your Christmas by sending them a payment for presents you will never receive. 

‘It is the fraudsters’ favourite time of year, so make sure you’re on your guard when buying goods you’ve seen on sites like Facebook Marketplace and Instagram.’

Over the time period September 1 through November 2, more than 1000 scams were reported to Facebook Marketplace. Additionally, 391 people made complaints regarding Instagram.

According to data, 170 transactions were also made on eBay. 153 reports were made on Gumtree. 

Tips and advice on how to avoid scammers during Christmas 

NatWest conducted research to offer tips and guidance to shoppers in order to prevent scams during Christmas. 

Unexpected emails are to be avoidedFake texts and emails are making the rounds. Be suspicious of any emails, text messages or phone calls that seem to come from legitimate companies or organisations. They are often used to steal your private information by fraudsters. Do not click on links to download files.

When you receive emails asking for your payment information to be updated, make sure that you are vigilant Amazon UK will likely have sent you an email informing you that they do not accept UK Visa Credit Card as payment. While this email is authentic, it’s important to be cautious about receiving emails asking you to update your payment information. NatWest suggests that you access your Amazon account to make any changes. Be wary about clicking on links contained in email. Amazon may be calling you to request personal and financial details or update your payment information. You should not respond. Fraudsters are increasingly attempting to impersonate trusted organizations.

Don’t get caught out buying online:While everyone loves to save money, be careful when purchasing from online and social media marketplaces. Do your homework on any seller. If a deal sounds too good to be true, it likely is. If the website does not have a phone number or an address, it could be a sign that the seller is not genuine.

Secure websites are recommended:Your browser should start with https ://’. Secure connections are indicated by the’s’ after their URL. Pay attention to spelling mistakes or unusual characters in your web address. These can often indicate that you are visiting a fraudulent site. Remember that a secured page doesn’t necessarily mean that the merchant is trustworthy.

Pay in a secure way Pay with your debit or credit card – it’s a safer way to pay and gives you more protection. If a seller tells you they can’t accept a card payment and asks you to send them money directly, it could be a scam. Fraudsters often concoct stories to try to persuade you to transfer your money to a bank account instead of paying by another method – be suspicious of anyone asking you to do this.

Don’t give anyone your full details:Scammers make convincing claims. If anyone, claiming to be from the bank, police or another organisation you trust gets in touch and asks for information such as login details, passcodes, card reader codes, remote access to your device or tells you to transfer money from your account – don’t do it, it’s likely to be a scam.