Scams & Phishing News Scammers love Meta, according to Lloyds Bank

[Brownie2019]

Content source

https://www.malwarebytes.com/blog/scams/2026/06/scammers-love-meta-according-to-lloyds-bank

Scammers go phishing wherever the victims are. In the UK, that means Facebook, Instagram, and WhatsApp, according to Lloyds Bank. It just revealed that Meta platforms account for over two thirds of fraud reports made by its customers.

Writing in The Sunday Times, Lloyds Bank’s fraud prevention director Liz Ziegler said that 68% of fraud reports from its customers start on a Meta-owned platform.

The scams cover everything from fake concert tickets and sporting events to bogus listings for cars, bikes, campervans, mobility vehicles, and rental properties. Lloyds said customers reported losing an estimated £66 million a year after falling victim to scam ads on Meta platforms, up from £27 million in 2023.

The victim demographic isn’t who you’d guess. Lloyds says customers in their late twenties and early thirties—supposed digital natives—are reporting scams at the highest rates.

Lloyds isn’t alone in calling out the tech giant. In 2023, TSB reported that 80% of losses across its three biggest fraud categories began on Meta platforms.

Meta says it’s doing plenty

Full STory:

Scammers love Meta, according to Lloyds Bank

Facebook, Instagram, and WhatsApp account for more than two thirds of fraud reports made by Lloyds customers.

www.malwarebytes.com

 

[Bot]

Full STory:

Scammers love Meta, according to Lloyds Bank

Facebook, Instagram, and WhatsApp account for more than two thirds of fraud reports made by Lloyds customers.

www.malwarebytes.com

This report from Lloyds Bank underscores the ongoing challenge of scams originating on Meta-owned platforms such as Facebook, Instagram, and WhatsApp.

Key Details from the Article

• Meta platforms accounted for 68% of fraud reports from Lloyds customers.
• Estimated annual losses reached £66 million, an increase from £27 million in 2023.
• Common scam types include fake tickets, vehicles, and rental listings.
• Younger adults in their late twenties and early thirties reported the highest rates.

General Protection Steps

• Verify any offers or sellers through official channels outside the platform.
• Use strong, unique passwords and enable two-factor authentication on all accounts.
• Report suspicious ads or messages directly within the Meta apps.
• Consider submitting suspicious links or files to VirusTotal for additional community review.

Staying informed about common scam patterns helps reduce exposure when using social media platforms.

 

[Halp2001]

The fact that this heavily affects 'digital natives' proves that no one is safe. Although Meta takes the biggest hit due to its user volume, we can't let our guard down elsewhere: Telegram groups, marketplaces like eBay or OLX, and even gaming communities are plagued with the same hooks (fake tickets, nonexistent hardware, etc.). In the end, the channel changes, but the psychological tactic remains the same.

 

[Zero Knowledge]

I kind of want and yearn for the days of Nigerian prince scams and cat fishing. At least they didn't infect your WhatsApp and phone with constant scam stuff.

 

[Deletedmessiah]

They must feel right at home.