UK Finance warns consumers to beware of Coronavirus holiday scams.
New warning from UK Finance around Coronavirus holiday scams.
Action Fraud is warning the public to spot the signs of romance fraud ahead of Valentine's Day.
Reports made to Action Fraud reveal that a staggering £50,766,602 was lost to romance fraud in 2018 – an average of £11,145 per victim and a 27% increase on the previous year.
What is romance fraud?
Romance fraud happens when a person thinks they have met the perfect partner through an online dating website, app, or through social media, but in fact a fraudster is using a fake profile to form a relationship with them. They will gain the person’s trust and ask for money or enough personal information to steal the victim’s identity.
New statistics released today reveal that many people across the UK continue to fall victim to this type of fraud, often with devastating consequences. In 2018, 4,555 reports of romance fraud were made to Action Fraud, with victims reporting to have lost over £50 million.
Not only are victims losing vast amounts of money, the emotional impact this may have can be even more difficult to come to terms with. In a report produced by Action Fraud, 42% of victims described falling victim to romance fraud as having a significant impact on their health or financial well-being.
The report also showed that the average age of a romance fraud victim is 50 and that 63% of dating fraud victims are female who lose twice as much on average than males.
Action Fraud believes that these numbers do not accurately represent the true scale of the problem. Some people may feel embarrassed to have fallen victim which may discourage them from coming forward to report their experience.
Date Safe tips on how to avoid a #fauxmance: