"We know that for youngsters in particular, tickets for some of next year's hottest concerts would make their Christmas. However, these are naturally hard to come by and we urge our customers to be cautious when on the hunt for gig tickets around this time of year," said David Eborne, Head of Fraud Operations at Revolut.
"Sadly, criminals capitalise on the scarcity of these tickets and people's fear of missing out - therefore avoid panic buying when doing any last-minute Christmas shopping and only purchase tickets from trusted ticketing platforms that offer their own protections against fraudulent sellers."
With nearly 27 pc of Irish shoppers surveyed by research company Dynata admitting to go over budget this Christmas, the app warns users against using unofficial websites and social media pages to make their purchases.
Among the scams reported, Facebook accounted for 41.5 pc, X saw 18.8 pc and Instagram saw 7.3% pc scam sales. People aged 17 to 34 were found to be most likely to fall victim.
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