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More than a third of adverts on Facebook Marketplace could be scams - with UK customers potentially losing nearly £60m on the platform in 2023, an investigation has found.
The bank's fraud team sampled 100 Facebook Marketplace posts - including cars, watches, games consoles, air fryers and handbags - and 34% were suspected to be fake.
More than a third of adverts on Facebook Marketplace could be scams - with UK customers potentially losing nearly £60m on the platform in 2023, an investigation has found.
TSB says its findings chimed with the excessive fraud rate from Facebook Marketplace, which currently accounts for 73% of all purchase fraud cases at TSB – and remains the biggest driver of fraud by volume