Lloyds Bank warns customers over online scam

Wednesday 29th June 2022 06:49 EDT

The Lloyds Bank has warned its customers to stay alert over rise in purchase scams, notably through fake adverts. As per the Lloyds’ data, reports of purchase scams which involve shoes and trainers have more than doubled so far this year. The numbers have risen by a staggering 112 per cent compared to the same period in 2021. On average, the targeted consumers are losing £152 alone to scams involving shoes and trainers, the bank estimates. However, in purchase scams, shoes and trainers are not the only items which have been used to con people, according to the bank.

Fraudsters are also using tickets to con consumers who are looking to attend live events following the end of pandemic-era social distancing restrictions.
Liz Ziegler, the Retail Fraud and Financial Crime director at Lloyds Bank, explained: “Fraudsters are always on the lookout for new ways to trick victims out of their hard-earned cash.”

Meanwhile, Lloyds is reminding people to check any websites they are purchasing from are genuine by looking at reviews.

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