Missed out on Coldplay and Taylor Swift concert tickets and thinking about buying from resellers? Beware.
In this scam variant, victims would come across advertisements for concert tickets on e-commerce or social media platforms such as Carousell, Xiaohongshu, Facebook, Telegram and Twitter. To urge victims into making payment quickly, scammers would claim that ticket sales were time-sensitive or limited in quantity, and also promised to email or transfer the tickets to the victims' Ticketmaster account after successful payment.
For victims who have received their tickets via email or WhatsApp, they would realise that they have been scammed when these tickets are found to be invalid on the day of the concerts or when the scammers refuse to also provide the physical tickets. ADD - ScamShield App and set security features or multifactor authentication for banks and set transaction limits on internet banking transactions). Do not purchase tickets from third-party resellers. Use escrow payment options that protect buyers by releasing payment to the seller only upon delivery and avoid making advance payments or direct bank transfers as this method does not offer any protection to buyers.
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