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Thu 11 Dec 2025 • 07:13

HSBC Issues Scam Warning as Holiday Shopping Season Approaches

HSBC Issues Scam Warning as Holiday Shopping Season Approaches

### HSBC Shares Warning Sign for Customers to Avoid Scam Traps

HSBC has issued a critical alert to millions of its customers, cautioning them about potential scams as the festive season approaches. As many shoppers begin their holiday buying, the bank aims to highlight the risks associated with various fraudulent schemes targeting unsuspecting consumers.

The warning comes amidst a surge in scam activity, particularly through social media platforms. Fraudsters are advertising fake deals and products, creating an urgency that can mislead consumers into making hasty decisions. HSBC advises shoppers to be cautious with any promotions that feel too good to be true, emphasizing that “If it feels like you need to buy now or miss out, take a moment. Scammers sometimes design websites to create urgency and stop you from thinking twice. Visit our website to stay up to date with the latest scam updates.”

The rise in these deceptive tactics includes criminals promoting non-existent prize offers and sales. HSBC warns customers to remain vigilant against suspicious direct messages and unknown URLs that could lead to fraudulent transactions. "Run don't walk," says the advertisement for these enticing, yet dubious deals, echoing the bank's sentiment to prioritize safety.

Additionally, the bank cautions against purchasing counterfeit tickets or gift cards advertised at “best ever prices.” Customers are urged to verify the legitimacy of any company by checking their official email communications and website before making any purchases. The warning is a timely reminder of the increasing sophistication of scams, especially as consumer spending ramps up during the holiday season.