Aug 2, 2024, 11:10 PM
Aug 2, 2024, 11:10 PM

Warning for Fans Over Ticket Scams

Highlights
  • Lloyds Bank estimates that thousands of young people fell victim to football ticket scams last season.
  • These scams have increased awareness about the risks associated with purchasing tickets.
  • Consumers are urged to remain vigilant when buying tickets online.
Story

Thousands of young football fans in the UK fell victim to ticket fraud last season, with estimates from Lloyds Bank indicating a significant rise in such scams. The bank reported a 33% increase in football ticketing fraud compared to the previous season, urging fans to remain vigilant as criminals exploit the high demand for tickets. Approximately 6,000 fans were affected, with losses averaging £177, and some individuals losing over £1,000. The rise in fraud is attributed to the rapid sell-out of tickets, which creates opportunities for scammers to lure unsuspecting buyers. UK Finance, a banking industry group, highlighted that a majority of these scams originated on social media platforms, with 56% starting on Facebook Marketplace and 26% on X (formerly Twitter). The urgency created by limited ticket availability often leads fans to make hasty decisions, increasing their vulnerability to fraud. Lloyds Bank also noted that earlier this year, Taylor Swift fans collectively lost over £1 million to ticket scammers ahead of her UK tour. The bank emphasized that traditional bank transfers lack the protections offered by card transactions, making it challenging for victims to recover their funds once lost. To combat this issue, banking representatives advised fans to be cautious and to refuse any requests that seem suspicious. They also highlighted that nearly £86 million was lost to "purchase scams" last year, with the majority initiated online, underscoring the need for increased awareness and protective measures against fraud.

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