Lloyds Bank has issued a stark warning to all customers as an increasing number of people are losing out on £427 each on average.
It comes as analysis shows the number of online shopping scams increased by 20% in December last year. Lloyds said certain goods are particularly risky, such as trainers, clothes, gaming consoles and phones.
The banking giant said the average amount people were tricked into handing over was £427. However, those aged between 55 and 64 lost more than double that, around £1,000 on average.