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Romance Fraud On The Rise In Coronavirus Pandemic

According to UK Finance, there was a 20% increase in bank transfer fraud linked to romance scams in 2020 compared to 2019.

£68m was lost to scams in 2020, said the UK's Action Fraud - another increase on the previous year.

In 2019 and 2020, the quantity of cash lost to romance fraud outstripped that stolen by online shopping fraud, according to the UK Action Fraud.

According to reports In 2020, online shopping and auction fraud amounted to £63m compared to £68m for dating scams.

The coronavirus pandemic also added to the problem.

The national lockdowns, and restrictions on our social lives due to the coronavirus outbreak, contributed to this problem. "Many people have been seeking companionship online and this has undoubtedly affected the number of reports we have seen," said Pauline Smith, head of Action Fraud.

"Romance scams can leave customers out of love and out of pocket," added by Katy Worobec, managing director of economic crime at trade association UK Finance.

ABC News Reported on an Australian woman who thought she was falling in love with a US army officer but ended up laundering A$150,000 (£83,000) for such a gang.

Financial organisations therefore warns people to be vigilant ahead of Easter Celebration.The advice suggests;

online daters should not send any money, allow the other person to access their bank account, apply for a loan on a person's behalf or transfer money to people they meet on the internet.

Neither should they hand over copies of legal documents such as their passport or driving licence or invest money on the other person's advice. Also, do not receive or send parcels on the other person's behalf. You can perform a reverse image search on a search engine to see if person is using fake images.

Note: Contact your bank immediately if you think you have fallen for a scam and report it to Action Fraud.

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Content created and supplied by: OsafoDaniel (via Opera News )

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