Online shoppers are being left out-of-pocket
All social media users have been issued a stark warning from Lloyds Bank over the £570 lost per person to shopping scams.
Victims can often be lured in by the promise of cut-price or hard-to-find items, the banking giant said. Lloyds Bank found that clothes, trainers, gaming consoles and mobile phones are among the most common goods being falsely advertised. The average amount lost by the victims of purchase scams is around £570 across the industry.
"Banks have been at the forefront of tackling the epidemic of scams, but they cannot fight it alone. It’s high time tech companies stepped up to share responsibility for protecting their own customers. This means stopping scams at source and contributing to refunds when their platforms are used to defraud innocent victims."
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