University students warned about scams targeting young adults
Lloyds data shows 18 to 24-year-olds lose around £400 to social media scams, with 79% of incidents starting online; students urged to verify offers and avoid sharing personal info.
- Lloyds Banking Group warned university students on August 5, 2024, that scams targeting 18 to 24-year-olds are increasing in the UK, especially on social media.
- This warning followed data showing that young adults lose around £400 on average to purchase scams, with 79% of cases beginning on social media platforms.
- Common scams include ticket frauds, motor vehicle scams involving manipulated insurance policies by ghost brokers, bogus driving test offers, and rental fraud, all exploiting students' new financial independence.
- Fraud prevention experts like Lloyds' Liz Ziegler urged students to trust their gut, avoid sharing bank details, reject job offers requiring payment, use bank security tools, and urge contacting banks via official numbers if suspicious calls occur.
- Warnings emphasize that scams can cause lasting harm such as legal trouble, credit damage, and financial difficulties, while Co-op Insurance recommends students remain security conscious and consider insurance to protect their belongings.
32 Articles
32 Articles
Malvern Gazette
University students warned about scams targeting young adults
University students are being warned to watch out for scams trying to con them out of their cash as they prepare for university life.
The Independent
Students heading to university warned about key scams targeting young adults
Finance experts said it was crucial students remained vigilant when it came to their safety and security, including protecting themselves from scams.
Warning for University students about scams targeting young adults
Criminals will use a range of frauds targeting young adults, who are often getting their first taste of financial independence while at university. Liz Ziegler, fraud prevention director at Lloyds, said: “Heading off to uni is a big moment – new mates, new experiences, and a lot more independence. “But it’s also when scammers might try to catch you off guard. “They’re clever, and they know students are juggling a lot. Your bank’s working hard be…
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