Lloyds Bank issues ticket scam warning to Oasis fans
Lloyds Bank reported earlier this year that fans of Taylor Swift had lost an estimated £1m to ticket scams:
Liz Ziegler, fraud prevention director, Lloyds Bank: “Hot on the heels of Taylor Swift’s record-breaking UK tour, fraudsters will be eagerly anticipating another run of sell-out shows next summer.
“Missing out on these landmark gigs would be devastating for Oasis fans who have waited so long for this reunion. But you can be sure that criminals are getting ready to ‘slide away’ with their hard-earned cash.
“Most of these scams begin on social media, where impostors create fake profiles to sell non-existent tickets. The simple rule for fans is always to stick to official ticketing platforms and avoid deals which look too good to be true.”
Top tips to stay safe when buying tickets:
- Avoid social media – Fraudsters use social media to advertise tickets that don’t exist. If you’re looking for a ticket, always search for it yourself from a trusted source.
- Trust your instincts – Unrealistically low prices are one way fraudsters lure victims. But if demand for tickets is high, they can charge more to trick desperate buyers.
- Make it official – Only buy direct from official ticketing or re-selling platforms. Remember if you pay by bank transfer, you risk losing your money.
Supporting data:
- Around half of all concert ticket scams start on Facebook (including Marketplace) with around a quarter on X (formerly Twitter).
- Reported scam cases relating to concert tickets more than doubled last summer compared to the same period a year earlier (up by +158%).
Figures are based on analysis of relevant purchase scams reported by Lloyds Banking Group (Lloyds Bank, Halifax, Bank of Scotland) customers between May and August 2023, compared with the same period a year earlier.
