Romance Scams Cost Brits £108M in 2024

How Romance Fraud is Impacting Online Relationships and Finances

Highlights:

  • Brits lost a staggering £108 million to romance scams in 2024.
  • The rise of online dating has made individuals more susceptible to fraud.
  • Education and awareness are critical to protect potential victims from these scams.

In 2024, romance scams resulted in significant financial losses for individuals across the UK, with a reported £108 million stolen through various fraudulent schemes. The increase in online dating platforms has made it easier for scammers to exploit vulnerable individuals seeking companionship. Experts emphasize the importance of public education on recognizing and reporting threats to enhance safety in online relationships.

Olivia Bennett
Olivia Bennett
Olivia Bennett is a financial reporter and commentator with a deep interest in emerging fintech models, digital currencies, and financial automation. She focuses on how AI, blockchain, and open finance are redefining the future of money and banking.

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