27/09/2023
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Vehicle scams are increasing according to Lloyds Bank, which has reported a 74 per cent rise in the first six months of the year. Its own research has revealed that victims are losing an average of £998.
The study found that those aged between 25 and 34 are being duped most often, reports BirminghamLive. It also revealed that those who own a Ford Fiesta are likely to be targeted by fraudsters.
It also found that more than two thirds of all car and van scams are advertised on Meta-owned platforms, adding weight to the growing calls for social media companies to crack down on fraudsters. Liz Ziegler, Fraud Prevention Director at Lloyds Bank said: “Buying a car is among the biggest financial commitments many of us will make, so the sharp acceleration in reports of people being scammed when shopping for vehicles on social media is alarming.
"The vast majority of these scams start on Facebook, where it’s far too easy for criminals to set up fake profiles and advertise items that simply don’t exist. It’s time social media companies were held accountable for their lax approach to protecting consumers, given the vast majority of fraud starts on their platforms.
Guys We aware with these fraudsters and keep yourself safe don't be robbed online.
