Lloyds Bank warning as Brits lose £2,955 over dangerous holiday scam | Personal Finance | Finance

Lloyds Bank has said the number of holiday booking scams has risen by a third in the past year. Many Brits will be rushing to get some sun this summer, with holidays abroad and staycations planned.

However, individuals should take extra care when booking their vacation to avoid losing money.

New analysis has found that fraud related to flight bookings has risen by 13 percent in the past 12 months, with Britons losing an average of £2,995.

Hotel booking scams cost people an average of £1,321 and package holiday scams an average of £2,342.

The biggest increase in scams related to fake caravan bookings, with many hoping for a mini-vacation.

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However, it will be important for Brits not to rush into a decision and do their due diligence.

Liz Ziegler, director of fraud prevention at Lloyds Bank, said: “With most pandemic restrictions lifted, many of us will be looking forward to a more traditional summer break this year.

“But with demand soaring and prices soaring, potential vacationers can’t afford to be wary of looking for the best deals.

“Scammers are poised to cash in on any last minute wave of bookings, so it’s vital consumers know how to stay safe.

“Book directly with trusted sites or travel agents, avoid following links on social media and always pay by card for the best protection.

“Remember, if it seems too good to be true, it almost certainly is.”

There are ways Brits can protect themselves from scams during the holiday season.

First, individuals need to be aware of great deals they don’t find.

Fraudsters can often post fake vacation ads through social media, or send offers by text or email, pretending to be legit.

Often deals look much cheaper than can be found elsewhere, so it’s important to be vigilant.

In the same vein, checking that offers are genuine is paramount when booking a holiday.

Passing companies that are ABTA or ATOL protected guarantees legitimacy, and Brits can also check whether companies have good reviews.

Finally, Lloyds Bank has urged caution on the part of individuals to protect how they pay.

The safest way to pay for a vacation is with a debit or credit card.

If a company wants an alternative payment method, such as wire transfer or bank transfer, it could be a scam.

This is important to note, if someone pays this way and things go wrong, they may not get their money back.

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