According to a recent survey commissioned by Luminor, 79 percent of residents in Estonia feel that the number of financial fraud cases has increased over the past year, and this perception is highest among 30 to 39-year-olds.
“While some increase in the number of fraud cases is understandable, according to the results of the survey, almost half of residents in Estonia perceive a significant increase in the number of cases of financial fraud. This is a thought-provoking statistic that shows that fraudsters are rapidly expanding their reach and no one is left untouched by the negative impact,” Veiko Kiik, fraud prevention specialist at Luminor, said in a press release.
Women are slightly more likely than men to have noticed a marked increase in financial fraud cases. We continue to see a high number of attempts to defraud in Russian or English. As a result, ethnic Russians are more likely to perceive an increase in fraud than residents on average.
Residents of Estonia are perceiving a greater increase in the risk of fraud than people in Latvia or Lithuania. While 79 percent of respondents in Estonia have perceived an increase in the number of financial fraud cases during the year, the ratio of such responses is 61 percent in Latvia and 64 percent in Lithuania.
Eighteen percent of respondents in Estonia are of the opinion that the number of fraud cases is generally unchanged, compared with more than a quarter of respondents in Latvia and Lithuania. It cannot be argued, nor is there any reason to believe that there will be fewer fraud cases going forward, however, Kiik added.
The survey commissioned by Luminor was carried out in Estonia, Latvia and Lithuania by pollster Norstat in August and September. In total 1,000 people aged 18-74 were interviewed in each country.
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