Home dating industry Interpol: Dating App Victims Lured by Investment Scams

Interpol: Dating App Victims Lured by Investment Scams

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Interpol has issued a global warning saying that users of dating apps are prepared for investment scams.

The police agency’s purple notice claimed that lonely hearts were plucked online, when fraudsters establish “artificial romance” with their victims. Once they have built a level of trust through regular communication, they share investment advice and encourage the victim to join a program.

“Victims download a trading app and open an account, purchase various financial products and work their way up an investment chain, all under the watchful eye of their new ‘friend’. They are made to believe that they can achieve Gold or VIP status, ”explained the notice.

“As is often the case with such fraud schemes, everything is done to appear legitimate. Screenshots are provided, the domain names look suspiciously like real websites, and the customer service agents claim to help victims choose the right products.

However, victims end up being brutally excluded from their accounts, after having invested large sums in financial products.

They end up with a double whammy of financial loss and emotional pain.

Investment and romance scams aren’t new – in fact, they thrived during lockdown. The UK’s National Cyber ​​Security Center (NCSC) revealed in august last year he was forced to delete over 300,000 related URLs.

UK only, the June-August 2020 period saw a 26% year-over-year increase in romance scams, with losses for the previous 12 months reaching £ 66million.

More than 19,400 romance scams have been recorded by the The FBI in 2019, making it the second highest income for cybercriminals after Business Email Compromise (BEC). The crooks took $ 475 million from the victims.

Interpol urged Dating site users should be vigilant, think twice before transferring money or getting involved in online investing programs, and do their research to check the reputation of any new app or service.


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