Customers are being warned of a rising number of people online losing an average of £570 to scams.
Lloyds bank said there has been a rising popularity of online shopping which has brought a surge in fraudsters selling products that don't exist. It comes after data from Facebook and Instagram showed purchase scams are expected to cost people in the UK more than £27m this year.
The bank chain highlighted that customers are often lured by the false promise of slashed prices or rare items. People are then asked to send money directly from their account to another via bank transfer - this provides little protection if something goes wrong.
