This leaves the buyer without the tickets and out of pocket. Victims are asked to pay upfront for the tickets, but once the payment is made, the scammers disappear. Ticket scams usually involve fake websites, social media posts or emails offering tickets at discounted prices, or access to events which have already sold out at inflated prices. Purchase scams happen when someone is tricked into sending money via bank transfer (also known as a Faster Payment) to buy goods or services that don’t exist Over the last year, these were among the most common artists and festivals being targeted, based on ticket scams reported by Lloyds Banking Group customers: Concerts and gigs There were also big increases in the number of scams relating to bookings for comedy and theatre shows, though the volume of cases for both was much smaller. The number of scams reported by those attempting to buy music festival tickets also more than doubled, up by 128% over the last 12 months compared to the previous year.
With demand to attend live events soaring in the aftermath of the pandemic, reported cases of people being scammed when buying concert tickets surged by 529% over the last year, with victims losing £110 on average. Music lovers hoping to see their favourite artists perform live this summer need to be on their guard against ticket scams, according to a new warning from Lloyds Bank.
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