Research from Nationwide Building Society reveals that one in four UK adults have been victims of ticket scams, losing an average of £82. With the high demand for events such as the Glastonbury Festival, fraud experts warn of a 'perfect storm' for scammers. Scams often arise from misleading social media ads, leading victims to make bank transfers. Nationwide also found that many consumers are willing to risk buying tickets from dubious sources due to FOMO, highlighting the need for increased vigilance among fans.
Nationwide's survey found that one in four UK adults fell victim to ticket scams, with an average loss of £82, highlighting a troubling trend.
As demand for Glastonbury Festival tickets increases, fraud experts warn of a 'perfect storm' for scammers, driven by limited availability and FOMO.
Banks report that over 90% of ticket scams start with misleading social media posts, where victims lose money through bank transfers to fraudsters.
Nationwide's study indicates that 51% of adults might buy questionable tickets to avoid disappointment, and 22% would pay extra because of FOMO.
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