The quest to find love is a pursuit that has captivated millions of people around the world. With the advent of technology, the internet has become an invaluable tool for discovering potential matches, but it also poses significant risks, both in terms of romance and finance. This is due to the growing prevalence of romance scams, where con artists use the anonymity of the internet to deceive and manipulate others into believing they are partaking in a genuine romantic relationship.
Scammers typically create fake profiles on social networks and dating apps to target unsuspecting individuals. They employ sophisticated language and enticing promises to gain their trust before asking for financial assistance under the guise of an emergency or problem. Once they receive payment, these scammers vanish without a trace.
The increasing use of the internet among people of all ages provides cybercriminals with ample opportunities to establish fake identities and target victims for fraud. Santander analysis reveals that romance scams have increased, especially during Valentine’s Day, with methods becoming increasingly complex and deceitful. In the UK alone, approximately one-third of the population has fallen victim to such scams. The United States Federal Trade Commission reports that instances of this type of fraud have spiked since the start of the pandemic, with victims over 60 years old losing around $180 million.
Virtual criminals are adept at exploiting individuals’ vulnerabilities when searching for love online. They prey on loneliness and vulnerability in their pursuit of new relationships. According to Eset estimates, by 2025, the global online dating market will reach almost $3.6 billion; criminal profits from romance scams exceeded $600 million in 2021 alone. One individual’s experience exemplifies this deceptiveness: “He gained my trust and disclosed personal things,” said Efrén, “but I noticed a pattern of refusing to call or meet in person despite claims of love and numerous photos exchanged.” When Efrén offered financial help, he was immediately blocked after making a transaction. After further research, Efrén discovered that photos had been stolen from another individual living in Mérida with a different name than his own