Why the High Cost of Concert Tickets is Attracting Scammers

Have you ever found yourself desperately searching for tickets to see your favorite artist, only to encounter scams and fraudulent sellers? You’re not alone. The cost of live music tickets has skyrocketed in recent years, creating the perfect environment for scammers to thrive.

According to several major banks, there has been a significant increase in music ticket scams reported this summer. Lloyds Group, TSB, and Revolut have all seen a two-and-a-half times increase compared to last year. The majority of these scams are happening on social media platforms such as Facebook and Twitter.

One music fan, Harriet Hawkins, fell victim to a ticket scam when she was trying to secure a ticket for Harry Styles’ concert. After an unsuccessful search on Ticketmaster, Harriet turned to a Facebook group chat where she thought she had found a genuine seller. Unfortunately, she ended up being scammed.

Scammers often take advantage of the high cost of concert tickets, offering seemingly reasonable prices that still make buyers wary. In Harriet’s case, the price of the ticket wasn’t extremely cheap, but it also wasn’t exorbitant. This tactic can make potential buyers feel like they are getting a good deal while still being cautious.

Another contributing factor to the success of these scams is the trust that scammers gain from their victims on social media. Through fake profiles and manipulated images, scammers can create the illusion of legitimacy, making it easier to convince buyers to send money.

So, what can you do to protect yourself from ticket scams?


Q: Where do ticket scams usually happen?

A: Ticket scams are prevalent on social media platforms such as Facebook and Twitter.

Q: How can I spot a scam?

A: Look out for profiles that were recently set up, low follower counts, and prices that seem too good to be true. Do a reverse image search of profile pictures and ticket images to ensure they are not stolen from the internet.

Q: What should I do if I’ve been scammed?

A: Contact your bank as soon as possible to report the scam. Many banks have measures in place to reimburse victims of authorized push payment scams, such as the Contingent Reimbursement Model Code.

While there is no foolproof way to avoid scams entirely, being vigilant and following these tips can significantly reduce your chances of falling victim to ticket fraud. It’s important to remember that scammers often target those who are desperately seeking tickets, so don’t let the excitement of a concert cloud your judgment.

Sources: BBC