Online shoppers receive warnings as the number of internet and email scams continues to grow. According to several major banks in the UK, fake websites and social media posts are used to trick consumers into parting with their money.
This situation is borne out by Action Fraud, the UK’s fraud reporting service, which found that £ 356.6 million were lost to fraud in July alone.
The results show that online fraud is up 286 percent compared to March this year when £ 92.3 million was lost when the lockdown first started. However, after the restrictions were eased, banks found that the scams have changed. TSB reports that online fraud is now more focused on the sale of items, including vacation homes, caravans and camping gear.
Doubtful foreign currency transactions were also cited as particularly attractive to those in the 1
Other popular items for sale in seedy online sales include game consoles, hot tubs, and puppies. Amazingly, nearly 700 people lost £ 282,686 in March and April after making deposits on pets that were advertised online.
Action Fraud advises that the best way to shop online is to use a secure payment method as online shoppers become increasingly targeted. Purchasing goods with credit cards or PayPal should be used for bank transfers. It also highlights the need to watch out for warnings from your bank when proceeding with an online transfer.