Lloyds Bank has issued a stark warning to customers as a rising number of people lose out on around £307 each.
It comes as data shows Facebook and Instagram scams involving cats, dogs, and other animals are up 24% this year alone. Lloyds said the most common tactic used by fraudsters is fake adverts, where the potential pet simply doesn’t exist.
Research shows people are losing an average £307 to pet scams, with more than half of the cons 50% of scams originating on Meta-owned platforms Facebook and Instagram.
