Black Friday is next week and while many are excited for the deals due to come, Nationwide have issued a stark warning to people who will be purchasing items on social media.

Black Friday is approaching quickly, the one day customers look forward to getting a huge discount on a item they’ve had their eye on for months.

For most, its a great time to bargain deals, and with Christmas quickly after, it's the ideal time to stock up on your Christmas gifts. However, with the rise of Black Friday brings with it the rise of scams - and majority of them lie on social media platforms

A study revealed that, for the first time in the UK, social media has become the main channel for online scams, accounting to 34% of reported incidents and on social media Gen Z are twice as likely to be scamm

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