Music ticket fraud increased by 529% last year, with the average victim losing £110.
The findings come from a study by Lloyds Bank, which also found scams targeting comedy and theatre tickets are on the rise, albeit by smaller amounts.
Scammers are targeting concerts and festivals where tickets are scarce or sold out more often, with scams involving fake websites, emails and social media posts increasingly prevalent.
Liz Ziegler, Fraud Prevention Direction at Lloyds, said audiences should always buy tickets from reputable platforms, and pay by debit or credit card to give the greatest level of protection.
“With demand to attend live events soaring as the warmer weather approaches, they will waste no time in targeting music fans as they rush to pick up tickets for the most popular gigs and festivals.”