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Online romance scams on the rise since 2020 — Kaspersky

Online Dating

According to cybersecurity solutions firm Kaspersky, romance scams are on the rise since 2020 when the pandemic first hit the world. With limited physical movements, the internet, particularly social media platforms, have provided a critical connection for people.

Kaspersky’s own research finds that more than half (53%) of social media users around the world have used social networks more during local and national lockdowns than before.

The same research also revealed 18% of the 1,007 adults surveyed to represent Southeast Asia (SEA) use social media mainly to find romance and the majority (76%) confirm that social media has provided them a vital connection during the global health emergency.

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In addition, close to a quarter (24%) of the respondents from SEA said that they have formed real-life, in-person friendships with people met initially on social media while another 18% admitted that they dated someone they’ve met on these platforms.

Romance scams

“This blossoming way of finding a partner, however, also comes with emotional and financial risks,” Kaspersky said.

In 2021, law enforcement agencies from Singapore and Malaysia worked together to track down a group specializing in romance scams. The syndicate was allegedly behind at least eight scams in both countries, including the case of a 41-year-old Singaporean woman who ended up losing a total of $28,000.

Another Kaspersky research “Mapping a secure path for the future of digital payments in APAC” revealed that almost one in two (45%) in Southeast Asia (SEA) lost money because of love scams online.

Most of the incidents here only cost less than $100 (22%). However, it is worth noting that the victim’s age and the possible cost of a romance scam seem to be overlapping. With losses amounting to less than $100, the two oldest generations (Baby Boomer and Silent Generation) logged the highest percentage, both at 33%.

The most senior age group, on the other hand, lost the most with nearly two in five of them admitting to losing 5,000-10,000 USD from love scams online.

A small portion (8%) of Gen Z said cybercriminals have incurred more than 10,000 USD from romance-related threats.

Regardless of platform or app, warning signs of online dating scams include:

How to avoid online dating scams

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