Over $25 million lost to dating and romance scams in 2013

2014-02-17 06:34:55 | Al Muslim News
Over $25 million lost to dating and romance scams in 2013

 

The Australian Competition and Consumer Commission is warning those looking online for love not to fall for a scammer. “Scammers are experts at preying on people’s vulnerabilities, particularly around sentimental times of the year such as Valentine’s Day,” ACCC Deputy Chair Delia Rickard said. In 2013, the ACCC received 2,770 reports of Dating and Romance scams - a 13.6 per cent increase on the previous year. Reported losses also increased last year; rising by nearly $2 million to $25.3 million. Over 400 people reported that they had lost in excess of $10,000 and of those, 64 reported losing over $100,000. 43 per cent of people who came into contact with dating and romance scams lost money – one of the highest conversion rates of scams reported to the ACCC. “Scammers go to great lengths to gain your trust, spending months and even years building a relationship with you. Once your defences are lowered, they spin an elaborate tale about how they need your financial help with a crisis, such as being ill or stranded and ask for money,” Ms Rickard said. “Alarm bells should go off if they request money, especially via wire transfer. This payment method is popular with scammers as it is almost impossible to trace and it is rare to recover money sent this way. Sadly, most of the people who fall victims to dating and romance scams sent wire transfers right into the hands of scammers who then disappeared or asked for more money, leaving the victim with an empty pocket and a broken heart.” “These scams can also pose a risk to your personal safety as scammers are often part of international criminal networks. Scammers have lured unwitting Australian victims overseas, putting people in dangerous situations that can have tragic consequences,” Ms Rickard said. “If you are meeting locally in person, choose a public place and let family or friends know where you are at all times. Before taking that next step, run a Google image search using any photos provided by someone you met online as they may have been used in various profiles and could be a stolen identity. It’s quick and easy and could save you time, money and heartache.”.

Tags: #

Latest News

What to Next

Russian foreign minister says US ready to continue talks

MOSCOW: Russian Foreign Minister Sergei Lavrov said on Sunday he believed his US colleagues were ready to continue dialogue with Moscow on complex iss... More

BJP keen to amend law on permanent residence in held Kashmir

NEW DELHI: Away from the attention that Article 370 attracts, some members and supporters of the Bha­ratiya Janata Party (BJP) are steadily pushin... More

North Korea defiant after new sanctions, rejects talks

SEOUL (AFP):North Korea on Monday angrily insisted tough new United Nations sanctions would not stop it from developing its nuclear arsenal, and warne... More

Does Trump worry you? US Muslims say yes : Survey

Survey finds Muslims feel out of place in society, displeased with their president, and are targets of discrimination. The early days of Donald Tru... More

DEATH TO ISIS:Thousands flood streets in furious protest to condemn terror group

Thousands of protesters chanted slogans against the militant Islamic State group Wednesday as they carried the coffins of victims of an attack targeti... More

China says restrained in face of India

BEIJING: China accused India on Wednesday of “concocting” excuses over the illegal entry of the South Asian nation’s military into C... More

COAS, Afghan envoy discuss border issues

ISLAMABAD: Army Chief Gen Qamar Bajwa met Afghanistan’s ambassador Dr Omar Zakhilwal on Wednesday for continuing discussions on normalisation of... More

Apple removes VPN services from Chinese app store

BEIJING: Apple has removed software allowing internet users to skirt China’s “Great Firewall” from its app store in the country, the... More

IS claims attack on Iraq embassy in Kabul

A suicide bomber blew himself up outside the Iraqi embassy in Kabul on Monday and militants breached the compound in a complex hours-long attack claim... More

Saudi-led bloc opens emergency routes to Qatari planes

DUBAI: Four Arab states that have cut diplomatic and transport ties with Qatar said on Monday that they have opened up air routes that Qatari planes c... More

83