A major UK bank has issued a warning to customers as more people are hit by scams - losing £570 each on average. Lloyds Bank said people using social media were being targeted.
Data has shown that purchase scams targeting Facebook and Instagram users are expected to cost people in the UK more than £27million this year. Lloyds said it was down to online shopping and scammers leading people to pay for good that don't exist.
Scams often promise cut-price or rare items, it said. People are asked to send money directly from their account to another account via bank transfer, which provides very little consumer protection when something goes wrong.
