ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Ticket Scams are on the Rise Amidst Excitement About NFL Draft; Here's how to Stay Safe

Leveraging the immediacy and connectivity of social media platforms, criminals are employing sophisticated tactics to ensnare unsuspecting buyers.
PUBLISHED MAR 30, 2024
Image Source: Miami Dolphins season ticket holders hold an American flag during the national anthem | Photo by Perry Knotts | Getty Images
Image Source: Miami Dolphins season ticket holders hold an American flag during the national anthem | Photo by Perry Knotts | Getty Images

Booking tickets online for a concert, a movie or a game isn't anything new, but with the rise of mega events such as Taylor Swift's Eras Tour and Superbowl in the aftermath of pandemic restrictions, scammers are preying on the desperation of fans. Amidst the excitement of March Madness and the NFL Draft sweeping through Detroit, ticket scams have emerged as a spoilsport for fans.

Pat McAfee #1 of the Indianapolis Colts kicks off during an NFL game | Getty Images | Photo by Tom Dahlin
Image Source: Pat McAfee #1 of the Indianapolis Colts kicks off during an NFL game | Getty Images | Photo by Tom Dahlin

Scammers capitalize on the excitement surrounding events like March Madness and the NFL Draft, knowing that fans are often willing to go to great lengths to secure tickets. Leveraging the immediacy and connectivity of social media platforms, these criminals employ sophisticated tactics to ensnare unsuspecting buyers.

The allure of discounted or last-minute tickets can blind individuals to the red flags signaling potential fraud. "Someone who posts a request for March Madness tickets or NFL draft events on social media is bound to get hit by scammers since the crooks track such comments. The same's true if you comment on fan websites," stated a Nisos analyst.

Today, artificial intelligence (AI) plays a pivotal role in orchestrating ticket scams. By monitoring social media activity and crafting convincing messages tailored to specific events, scammers can swiftly engage potential victims. A recent experiment conducted by a threat intelligence analyst revealed the alarming ease with which AI-powered scams operate.

"Criminals using AI, which can help perform rapid, automated tasks, among other functions, can scrape the internet at record speed and, once armed with information from a combination of stolen, fake, and legitimate digital data sources, can masquerade as other people," said Ari Jacoby of AI security firm Deduce.

Michigan Attorney General Dana Nessel has noted that scammers create convincing screenshots of non-existent or resold tickets, often replicating them with professional graphics. Victims may realize that they've been duped only after being denied entry at the gate.

Scammers even employ various tactics to deceive buyers, including using stolen or forged barcodes or QR codes to simulate legitimate transactions, and may provide fake "proof of purchase" to further deceive victims.

Rising Scam Concerns Among Tech-Savvy Youth | Unsplash | Photo by Lindsey LaMont
Image Source: AI scams | Unsplash | Photo by Lindsey LaMont

"Third-party sites or individual sellers often list tickets for sale when they don’t actually have them, a rampant practice also known as speculative ticketing," the Nisos analyst warned.

In a common ploy, scammers feign caution by requesting upfront payment to verify buyers' authenticity. However, this is a tactic to scam buyers while disguising themselves as cautious sellers. If asked for a down payment on a ticket, it's best to end the conversation.

Last year, numerous Taylor Swift fans faced disappointment as they were unable to purchase concert tickets despite registering for presale codes.

"The ensuing frenzy resulted in Taylor Swift tickets flooding social media and secondary markets, leading to a surge in scams involving fake tickets," explained the analyst. At the same time, scammers are also known to target relatively small local events.

Midshipmen's football program Pexels | By Tembela Bohle
Image Source: NFL games | Pexels | By Tembela Bohle

Scammers often prey on individuals showing desperation or haste in obtaining tickets. Many overlook potential scam indicators, such as communication through multiple social media platforms like Facebook and Instagram, which complicates tracking and potential suspension by one platform.

MORE ON MARKET REALIST
The round was filled with hilarious answers that cracked the host up often.
9 hours ago
The contestant was super excited to have made it to the Bonus Round and he won big.
11 hours ago
Corey Harrison was interested for a bit but that price immediately made him say no.
12 hours ago
Drew Carey tried making a bet with the contestant but she was not having it.
1 day ago
Steve Harvey was left stunned by the answer and had to question the entire family.
1 day ago
Steve Harey forced the contestants hiding to come out and address the situation.
2 days ago
Rick Harrison were creeped out by the handcuffs but still wanted to buy them.
2 days ago
Cuban was interested in the tech side of the company but was annoyed when his doubts got no answers.
2 days ago
She had already won more than $21,000 and a trip to Portugal before heading to the round.
3 days ago
The contestant even apologized to Steve Harvey after her answer was called out.
3 days ago
The host urged fans not to laugh at the answer, as it might come back to bite them in the future.
3 days ago
The seller lacked any solid proof and as a result, nobody on the show wanted to offer him a deal.
4 days ago
The contestant wished that bars gave free alcohol to those already drunk out of their minds.
4 days ago
It would have been easy for Amy Schneider to respond harshly to the accusations, but she remained cool and collected.
4 days ago
The host was left shocked after hearing the answer as he mouthed "wow" a couple of times.
4 days ago
The contestant went on to win $20,000 for her family despite the awkward moment.
5 days ago
The entrepreneurs might have hoped that a third of their company would attract a shark, but it didn't.
5 days ago
She was just happy to be on the show and was not disappointed about leaving empty-handed.
5 days ago
Things got heated as all of the sharks took shots at each other for a chance to cut a deal.
5 days ago
The entrepreneur was selling a DVD set about men's grooming, which was priced at a whopping $297.
6 days ago