UK FINANCE ALERTS FANS OF FAKE OLYMPICS AND TAYLOR SWIFTTICKETS

United Kingdom UK Finance has warned that Fake Olympics and TAYLOR SWIFT tickets are the two biggest online scams consumers are likely to encounter this year.

The alert came as the banking lobby group reported that the number of people tricked by romance fraud and purchase scams jumped to new highs last year.

Overall, criminals stole 1.17 billion Pounds in 2023, down 4% from 2022, according to the group’s annual report on fraud but UK Finance said the abuse of online platforms continued to leave people vulnerable, calling on tech companies to do more to help stop the scams.

In April, LLOYDS BANK revealed that SWIFT’s fans had lost a total of one million pounds in scam ticket sales ahead of the UK leg of her tour, which starts in July, while over 600 of the bank’s customers came forward to report losing money.