Insta-scam: how scammers are targeting younger users online
Victims of fraud over the last year have lost an average of
to Instagram scams.
Instagram scam victim: Michelle
Online platforms have always been seen as a way to connect with friends, but some platforms lead to little privacy, offering scammers a way to customise the ways they approach users to sound even more convincing. This was the case for Michelle.
While browsing Instagram, Michelle was contacted through their direct messaging system by someone who said they worked at her local church.
They claimed that the church was in the process of trying to set up a charity abroad and that they needed some help with money to get it set up.
Eager to help her local community and reassured by the scammer who provided a link to a fake website which contained pictures of people who worked at her church on it, Michelle agreed to send money.
The scammer provided the account details of someone they claimed was the lead representative for the charity.
Michelle went on to make three payments to the account, sending across a total of £500 to the stranger, before the church was alerted to the scam and got in touch with parishioners to let them know.
What are romance scams and how can they be avoided?
This Valentine's Day, Lloyds Banking Group's Retail Fraud & Financial Crime Director, Liz Ziegler, wants to highlight the dangers of romance scams, plus share tips on how they can be avoided.
Liz Ziegler | 10 Feb 2022
Combatting financial crime: City of London Police Partnership extended
We've extended partnership with City of London Police into a fourth year to help protect our customers from fraud, and to stop money getting into the hands of scammers.
Brian Dilley | 14 Feb 2022
Taking on the fraudsters together
We're joining UK Finance’s call for social media scams to be included in the upcoming Online Safety Bill.
Philip Robinson | 26 Oct 2021