Fans aged 25 to 34 trying to get their hands on sold-out tickets are most likely to be targeted.
Lloyds Bank has warned that more than £1 million could already have been lost by music fans in the UK to fraudsters pretending to offer Taylor Swift concert tickets. Over 600 customers with the Lloyds Banking Group have already come forward to report being scammed.
The calculation is based on Lloyd Banking Group’s current account market share and assumes similar trends across customers of other UK banks. Fans aged 25 to 34 who are trying to get their hands on sold-out tickets are most likely to be targeted, with many scams originating on social media, Lloyds warned.
Ticket scams often involve fake adverts, posts or listings on social media, often offering tickets or access to events which have already sold out. Victims are asked to pay up-front for the tickets, but once the payment is made, the scammers disappear. This leaves the buyer without the tickets and out of pocket.
“Buying directly from reputable, authorised platforms is the only way to guarantee you’re paying for a genuine ticket. Even then, always pay by debit or credit card for the greatest protection. "Don't be tempted to buy tickets from anyone other than authorised sellers, as your rights can be significantly reduced if something goes wrong. If you are buying tickets, we recommend you pay using your credit card if the tickets cost more than £100, or by PayPal, as both these methods may provide protection if something goes wrong.
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