Lloyds Bank issues urgent warning as customers lose £642 in growing scam | Personal Finance | Finance


Quoting figures from the 2021 UK Finance Fraud Report, the banking said the average amount people lose to online shopping scams is £642. However, those aged between 55 and 64 lost more than double that, around £1,000 on average.

Britons are warned to look out for certain signs as they shop online.

As scams are “changing every week,” Britons are encouraged to check their website to learn how they can protect themselves.

It comes after analysis showed the number of online shopping scams increased by 20 percent in December last year.

Many people will want to find amazing deals online, but even a bargain costs money.

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When prices on a site are a lot lower than other sellers, Lloyds states “it could be a scam”.

Fraudsters can send a text or email with a link to a great deal. This may take people to a fake site or infect their device…

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