Loyds Bank warns ‘ruthless’ scam ‘tricking’ Brits | U.Ok.Finance News
Lloyds Bank has issued a new warning forward of the new Premier League season because the menace of match ticket scams ramps up.Newly launched Lloyds knowledge exhibits more than 2,400 instances of soccer ticket fraud reported by its prospects over the previous two seasons, with losses topping £500,000. Based on this, the bank estimates there have been not less than 12,000 victims nationwide for the reason that begin of the 2023/24 season, with over £2.5 million stolen by fraudsters. Victims misplaced an average of £218 every final season, with more than three-quarters of soccer ticket scams beginning on social media platforms.Supporters of Liverpool are almost definitely to be focused, adopted by followers of Arsenal, Manchester United, Chelsea and Manchester City. Cases additionally concerned followers of Celtic and Rangers, whereas Wrexham AFC additionally featured within the knowledge after racing back to the second tier of the soccer pyramid for the primary time in more than 40 years.The most common victims have been these aged 25 to 34, who made up 28% of all instances, intently adopted by 18-24 yr olds (26%).How do soccer ticket scams work?These scams are often called buy scams, the place people are tricked into paying for items or providers that don’t exist. Scammers post pretend adverts or listings on social media, offering tickets at discounted costs or for sold-out video games.Victims are requested to pay upfront, normally by bank switch, however the tickets by no means arrive, and the fraudster disappears.The Government has now joined forces with Lloyds to warn supporters as half of its Stop! Think Fraud marketing campaign.Led by the Home Office and supported by companions throughout law enforcement, banking, tech, retail and the charity sector, the marketing campaign empowers people and small companies with the instruments and data they need to remain forward of fraud.Liz Ziegler, fraud prevention director at Lloyds, stated: “It’s easy to get swept up in the buzz of a new season – but scammers are banking on that excitement. With demand for tickets often outstripping supply, fraudsters know they can trick fans into paying for tickets that simply don’t exist.“We’re pleased to join forces with Stop! Think Fraud ahead of the big kick-off to help raise awareness of ticket scams and ensure supporters know how to spot them.“Social media is the main breeding ground for ticket scams, and it’s time these firms cracked down on the fraudsters lurking on their platforms. The best way to avoid ticket scams is to buy directly from clubs or their official partners, and steer clear of deals that look too good to be true.”Lord Hanson, minister for Fraud, UK Home Office, stated: “Fraud is a ruthless crime that preys on our passions, our trust, and our excitement. As the nation gears up for the new football season, so too do fraudsters, waiting to take advantage of loyal fans searching for tickets. More than three-quarters of football ticket scams last season started on social media, with what seemed like genuine ‘first-come, first-served’ offers all too often designed to rip off desperate fans.“That’s why we urge all football supporters hunting for tickets to Stop! Think Fraud. Stay alert and only buy directly from the clubs, their official partners and legitimate resale outlets. None of us wants to miss a big game, but that will feel 10 times worse if you’ve also handed hundreds of pounds to a fraudster for a ticket you’ll never see.”How can followers shield themselves from scams?Lloyds Bank shared the next three tricks to help you keep away from falling sufferer to a ticket scam:
What does the Premier League say?The Premier League advises followers to buy tickets immediately from golf equipment, which may even checklist any authorised ticket companions on their official web sites, together with reputable resale choices.Many soccer golf equipment make use of devoted employees to sort out ticket misuse and buy tickets from unauthorised sellers to determine the source of resold tickets. Some Premier League golf equipment additionally publicise particulars and/or numbers of followers who’ve been banned for touting.From season 2026/27, the Premier League will require a minimal of 70% of tickets to be digital, which can offer enhanced security and sort out (however not absolutely resolve) touting.The Premier League has a protected shopping for information on its web site to help followers when shopping for tickets.
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