How do you get scammed in 2024? Beware of FOMO and Taylor Swift tickets: LUNCH MONEY

Economy
By Liam

By This is money

Updated:


An explosion of online and social media fraud has led to a series of warnings from banks over the past year as they see more and more of their customers being scammed.

Now Britain's biggest bank, Lloyds, has revealed where it expects the most people to be scammed in 2024.

In this episode of Lunch Money, This is Money's Simon Lambert and Lee Boyce reveal that list and discuss why FOMO and too-good-to-be-true bargain hunting can lead to people losing hundreds or thousands of pounds.

And Lee explains how to stay safe when you're tempted to buy those Taylor Swift or Euros tickets or track down a cheap designer handbag.

In other news, watchdog Ofcom has said it will crack down on mobile and broadband companies' inflation-busting price rises over the life of the contract. will this work?

And finally, it's the time of year when investors hope a Santa Rally will boost their returns.

After a bumper November, will the festive season pay off this year? Richard Hunter, from Interactive Investor, walks us through December's stock market.

Lunch money

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