The event industry has boomed since the easing of restrictions which allowed festivals, sporting events and venues to reopen.
Events have been selling out faster than ever. Micheal Rapino, CEO of Live Nation, confirmed that Reading & Leeds had sold 100,000 tickets in 72 hours, and that Creamfields had sold its entire 70,000 capacity out in just 48 hours.
With the demand for events higher than ever and consumers demand so high this has caused a rise in ticket scamming. In February 2021, Action Fraud received 216 reports of ticket fraud. This is a 62% increase on the previous month and the highest number of reports received since March 2020 when lockdown restrictions were first implemented. Victims reported losing £272,300 in February 2021 – an average loss of just over £1,260 per victim.
If you have tried to purchase tickets recently you may have noticed how fast events are selling out and if you have tried to purchase second hand tickets you may have seen how many scammers there are.