A warning has been issued to anyone that banks with Llyods Bank as an increasing number of customers are losing out on £427.
Analysis has revealed that the number of online shopping scams has increased by 20% compared to the same time last year. Lloyds said certain goods are particularly risky, such as trainers, clothes, gaming consoles and phones.
The bank revealed that the average amount of people were scammed into handing over £427. However, those aged between 55 and 64 lost more than double that, around £1,000 on average, reports the Liverpool Echo.
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The research commissioned by Llyods Bank found most scams start via an online platform like Instagram or Facebook. Liz Ziegler, fraud prevention director at Lloyds Bank, told the ECHO : “With people especially keen to bag a bargain this Christmas given the cost of living squeeze, heartless fraudsters will be ready to trick unsuspecting victims out of their hard-earned cash.
“Online shopping scams come in all shapes and sizes, but the vast majority start with items advertised on social media, where it’s too easy for fraudsters to use fake profiles and advertise goods that simply don’t exist. The safest way to pay for things online is always by debit or credit card, and buy from a trusted retailer. Remember that if a deal looks too good to be true, it usually is.”
Lloyds has offered these tips to stay safe from online fraud this…
