US EditionUniversity 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.
- University students preparing for university life were warned by Lloyds Banking Group on August 5, 2024, about scams targeting young adults aged 18 to 24.
- The warnings are based on data collected over a one-year period starting in late August 2024, revealing that criminals employ various scams to exploit young adults experiencing their initial financial independence while attending university.
- Lloyds' data revealed that ticket scams topped purchase scams, with vehicle scams second and bogus driving test offers third, while 79% of incidents started on social media.
- Experts including Liz Ziegler and David Callington advised caution against money muling, warned that legitimate employers do not ask for payments, and urged trusting one’s gut feelings.
- The alerts imply that young adults face financial and legal risks from scams, including credit damage, and should use banks' free tools, verify information, and maintain insurance for protection.
26 Articles
26 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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