logo
Receive the latest mybusiness news
SUBSCRIBE TO OUR NEWSLETTER
Copyright © 2020 MOMENTUMMEDIA

Fraudsters targeting love seekers scam Aussies out of $28.6m

Maja Garaca Djurdjevic
Maja Garaca Djurdjevic
13 February 2020 1 minute readShare
dating app

The ACCC has warned that scammers have turned to platforms facilitating dating and romance to scam Aussies out of cash, with losses amounting to over $28.6 million in 2019.

Scammers are now using new online platforms to take advantage of their victims, with dating and romance scams making up one-fifth of losses across all scams reported to the competition regulator’s Scamwatch division last year.

Australians reported almost 4,000 dating and romance scams in 2019, with losses of more than $28.6 million, and these numbers are just the tip of the iceberg, the ACCC warned.

Advertisement
Advertisement

Beyond traditional online dating websites, the highest losses were from romance scams originating on Instagram and Facebook. However, conventional dating platforms, such as Tinder or Match.com, also had high losses.

Chat platforms targeted

A new trend emerging in 2019 was scammers increasingly turning to apps like Google Hangouts, or online games such as Words with Friends and Scrabble, to con their victims.

 

“We’ve seen an increase in reports from people who did not originally seek an online relationship but have been caught up in a dating and romance scam,” ACCC deputy chair Delia Rickard said.

“No longer are dating websites the only contact method for dating and romance scams, with an increasing number of reports coming from these emerging websites and apps.

“Romance scams are particularly devastating because not only are there financial losses, but there is also an emotional toll for the victim, which can have lasting psychological impacts on people.”

Emotional distress 

According to the ACCC, scammers are increasingly trying to make their target fall in love with the persona they have created and quickly profess their love for the victim.

SPONSORED CONTENT

 

They will normally weave complicated stories about why they can’t meet in person and ask the victim to send money or provide financial aid so they can travel to meet them.

While less common, there have also been instances of scammers meeting their victim in person and requesting money.

“If you’re interacting with someone online, it’s important to be alert and consider the possibility that the approach may be a scam,” Ms Rickard said.

“Don’t give out personal information, including your financial details, to anybody you haven’t met in person, no matter who they say they are, and don’t share intimate photos or use webcams in an intimate setting.

“Don’t agree to carry packages internationally or agree to transfer money for someone else as you may be inadvertently committing a crime.

“If you become concerned by the conversation, such as if the person is asking for ‘favours’ or money, cease communication.”

The ACCC has advised people who think they may have provided their banking details to a scammer to contact their bank or financial institution as soon as possible.

Fraudsters targeting love seekers scam Aussies out of $28.6m
mybusiness logo
Maja Garaca Djurdjevic
Maja Garaca Djurdjevic

Maja Garaca Djurdjevic is the editor of My Business. 

Maja has a decade-long career in journalism across finance, business and politics. Now a well-versed reporter in the SME and accounting arena, prior to joining Momentum Media, Maja reported for several established news outlets in Southeast Europe, scrutinising key processes in post-conflict societies and enabling citizens to influence decision-making.

You can email Maja on [email protected] 

Leave a Comment

Latest poll

Did you expect more from the government's JobKeeper extension?