Authorities are urging those looking for love on Internet to be cautious. There was 20 per cent spike in online romance fraud last year. organisation UK Finance reported that cyber fraud increased considerably and coincided with rise in number of people looking for partner online. This has been exacerbated by feelings of loneliness and isolation during coronavirus pandemic. There was sharp rise in number of scams related to dating sites and around Valentine's Day. UK Finance said: "Romance scams can leave customers out of love and out of pocket." It warned: "Romance scammers can be very convincing by forming emotional attachment with their victims."
The Online Dating Association in UK reported that around 2.3 million British citizens used dating apps during lockdown. Cyber criminals have taken advantage of this to scam people. total of $26 million is believed to have been lost in bank transfer fraud. average loss per victim is around $11,000. According to data from UK bank, people aged 55 to 64 are most vulnerable to romance fraud. Pauline Smith, fraud expert, said: "Any online platform that allows you to connect with and talk to other people could be targeted by romance fraudsters, so it's important to remain vigilant." She urged extreme caution if online love interest requests money for things like medical care.