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Advanced-Fee Job Scams Surge 237%, Lloyds Bank Issues Fresh Warning

Lloyds Bank is warning job seekers to avoid upfront fees after new data showed average losses of £1,420 per victim.

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Overview

  • The bank’s data reveal a 237% rise in advanced-fee recruitment scams since January among its Lloyds, Halifax and Bank of Scotland customers.
  • Scammers recruit through social media platforms like TikTok and WhatsApp, posing as agencies and offering simple tasks such as liking videos or reviewing hotels.
  • Elaborate schemes include fake interviews, onboarding, contracts and counterfeit websites to lend legitimacy to upfront fee demands.
  • Initial payments often come from other unwitting victims, trapping some applicants as money mules and exposing them to possible criminal charges.
  • More than half of reported victims are aged 18 to 34, highlighting younger job hunters’ vulnerability in the face of economic pressures and remote-work trends.