Profinium Blog

Valentine's day Costing more than the Chocolate!

Posted by Profinium Security Team on Feb 14, 2019 4:22:00 PM

Valentine's Day romance scams costing you more than the chocolate and flowers? 

It’s Valentine’s Day and love is in the air. You may think you spend a lot on flowers or chocolate, but losing money in a romance scam would cost you even more.

Last year, people reported losing $143 million to romance scams – a higher total than for any other type of scam reported to the FTC. And, according to a new FTC Data Spotlight, reports of romance scams are on the rise.  

VAlentines day flowers couple_WEb

What do we mean by romance scams?

We’re not talking about the person you thought was “the one” but ended up being a dud. We’re talking about people you meet online, who lavish you with attention … and then ask for money.  Usually they want the money by wire transfer or gift card. They might claim they need it for a medical emergency or to come visit you. Then they take your money, but there’s no surgery and no trip.

How can you avoid romance scams?

  • Never send money or gifts to a sweetheart you haven’t met in person.
  • Take it slowly. Ask questions and look for inconsistent answers. Check the person’s photo using your search engine’s “search by image” feature. If the same picture shows up with a different name, that’s a red flag.
  • Talk to someone about this new love interest. And pay attention if your friends or family are concerned.
  • If you suspect a romance scam, cut off contact right away. Then, report to the scam to the FTC at gov/complaint. Notify the dating site where you met the scammer, too.

Romance scam valentines day identity theft protection

Tags: Banking, Fraud Protection, Identity Theft