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Wales Online
Wales Online
National
Shane Jarvis

Reports of scams soar as cost of living crisis deepens, experts warn

Online safety experts have issued two new warnings about emerging scams that could potentially leave victims thousands of pounds out of pocket.

People booking holidays are being warned to watch out for scammers amid concerns that cost-of-living pressures may push them towards taking more risks with their cash. Holiday fraudsters can lure people into paying by bank transfer using fake but convincing holiday adverts as well as via bogus websites and phone calls.

And another scam is doing the rounds where victims are asked to pay fees upfront for goods or services such as loans that never materialise, according to Lloyds Bank. People with a poor credit history may be particularly likely to be targeted as households feel the financial squeeze.

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