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With Valentine’s just around the corner, don’t let your quest for love blind you to the realities of romance scams day. Internet dating and media that are social managed to make it easier than ever before to satisfy brand brand brand new individuals and discover times, but regrettably people create compelling backstories, and full-fledged identities, to deceive customers into dropping for an individual who doesn’t even occur.

This kind of deception is called “catfishing.” Often a catfisher is merely a lonely person hiding behind a fake persona, but usually it’s the first faltering step in a phishing scheme out to take your own personal information and cash.

In accordance with the Federal Trade Commission in 2018, customers reported losing $143 million to romance scams — a higher total than for just about any other form of scam reported. The median reported loss ended up being $2,600 and $10,000 for folks over 70. Read more »