The Australian Competition & Consumer Commission’s (ACCC) Scamwatch is urging tech-savvy daters to be on the lookout for romance scammers this Valentine’s Day. Data shows these scams occur increasingly through social media and dating apps.
The ACCC believes that women are particularly at risk of losing money to romance scams with Scamwatch data showing they are four times more likely to report losing money compared to men. Scamwatch received nearly 4000 reports of dating and romance scams last year, with reported losses of over $24.6 million – a 20 per cent increase from 2017.
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