Lloyds Bank has issued a stark warning to all customers as many people are losing out on £642 each on average.
A billboard seen in Liverpool Lime Street station urges people to look out for certain signs as they shop online. Quoting figures from the 2021 UK Finance Fraud Report, the banking giant said the average amount people lose to online shopping scams is £642.
It added: "Scams are changing every week", before advising people to learn how to protect themselves here.
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It comes after analysis showed 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.
Warning signs, Lloyds said, include:
- The seller has recently joined the online platform
- There aren't any reviews or the reviews are bad
- You're being rushed into a bank transfer payment
Last month, Liz Ziegler, fraud prevention director at Lloyds Bank, told the ECHO: “Online shopping scams come in all shapes and sizes, but the vast majority start with items advertised on social media, where it’s too easy for fraudsters to use fake profiles and advertise goods that simply don’t exist. The safest way to pay for things online is always by debit or credit card, and buy from a trusted retailer. Remember that if a deal looks too good to be true, it usually is.”
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