The bank is warning consumers over the rise in purchase scams, notably through fake adverts promoting designer trainers. Purchase scams happen when someone is defrauded into sending money via bank transfer to buy goods or services. These examples of fraud are usually advertised online or through social media which has led to their rise as of late.
According to Lloyds’ data, reports of purchase scams which involve shoes and trainers have more than doubled so far this year.
Specifically, they have risen by a staggering 112 percent compared to the same period in 2021.
The bank estimates that targeted consumers are losing £152 on average alone to scams involving shoes and trainers
However, shoes and trainers are not the only items which have been used to con people in purchase scams, according to the bank.
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Tickets have also been used by fraudsters as more consumers are looking to attend live events following the end of pandemic-era social distancing restrictions.
Lloyds reports that purchase scams involving tickets have increased by 603 percent within the past year.
So far, the average amount lost to this type of fraud is £251, with football matches and music concerts the events more likely to appear in fake advertisements.
While fraudsters will advertise any brand they think might snare an unsuspecting victim, analysis of reported cases shows that Nike is one of the most common labels currently being used…
