Lloyds Bank warns customers of cruel scam costing | U.Okay.Finance News
Lloyds Banking Group has issued a stark warning about buy scams after Oasis followers have been discovered to have collectively misplaced more than £2million. Purchase scams occur when somebody is tricked into sending money by bank switch to buy items or providers that don’t exist.Lloyds stated ticket scams typically contain pretend adverts, posts, or listings on social media offering tickets at discounted costs or entry to occasions which have already bought out at inflated costs. Liz Ziegler, fraud prevention director at Lloyds, stated: “The Oasis tour is the latest target for ticket scammers, with millions of pounds of fans’ money stolen before the gigs even kick off. The fact that so many cases start with fake listings on social media, often in violation of the platforms’ own rules, underscores the importance of these companies taking stronger action to tackle scams.”Based on the amount of fraud experiences from Lloyds customers, Oasis followers make up more than half (56%) of all reported live performance ticket scams this yr, dropping £436 on average. The largest quantity misplaced in a single transaction to this point exceeded £1,700.According to the banking giant, victims misplaced round £200 more to criminals pretending to promote Oasis tickets than some other live performance.People aged 35 to 44 are the most probably to be scammed, making up almost a third (30%) of all instances. Edinburgh, Warrington, and Manchester have the best quantity of scam victims, making up a quarter (25%) of instances.The evaluation was primarily based on live performance ticket buy scams reported by Lloyds Banking Group customers, together with customers of Lloyds Bank, Halifax and Bank of Scotland, the place Oasis was referenced as half of the declare, between August 2024 and March 2025.However, the bank warned that more may very well be but to return, as scams typically occur in two waves: the primary when tickets are launched for sale and again because the occasion date approaches. This means the quantity of victims might rise within the lead-up to summer time when the 2 brothers first take to the levels on their world tour.Ms Ziegler stated: “Buying directly from reputable, authorised retailers is the only way to guarantee you’re paying for a genuine ticket. If you’re asked to pay via bank transfer, particularly by a seller you’ve found on social media, that should immediately set alarm bells ringing.”Here are some suggestions from Lloyds for purchasing tickets safely:
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