Fake tickets for the Olympics and  Taylor Swift concerts are major  online scams this year.

Romance fraud and purchase scams reached new highs last year.

Criminals stole £1.17 billion in 2023, a slight decrease from 2022.

Consumers lost £86 million to purchase scams in 2023, a 28% increase from 2022.

More than 156,000 cases of purchase fraud occurred last year.

Fans of Taylor Swift lost £1 million to scam ticket sales for her UK tour.

Fraudsters often ask victims to pay  for tickets via bank transfer.

Overall, the total number of fraud cases in the UK dipped slightly to 2.97 million.

Losses from unauthorized transactions fell 3% to £708.7 million.

New regulations starting 7 October will require UK payment service providers to reimburse victims of payment fraud.

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