Publish Date: 07/03/2019
Do not let online romance fraud and scams kill the mood during the month of Love.
Rose are red
Violets are blue
Make sure your online lover
Isn’t catphishing you
Catphishing and other love-related scams have surged in recent times. They have generated more losses for consumers than any other type of fraud, not to mention a string of broken hearts. These criminals typically find their victims online through fake profiles on dating sites and chat rooms. Their fake profiles create a picture of exciting lifestyles and expensive tastes, all designed to snare someone looking for their ideal partner.
A common ploy is for the fraudsters to present themselves as sympathetic characters. They appeal for friendship over a period of time by sharing sad stories of heartbreak or recent loss and their need for companionship. Their sob stories encourage victims to start sharing more personal information of their own. The conversation then quickly moves from the dating site or chat room to WhatsApp, SMS and even emails.
This is when the games begin:
Should you arrange a meeting with someone you have never met in person, make sure that it is in a very public place and invite your friends as well.
The common denominator in this type of fraud is that the criminals constantly look for opportunities to ask for money. They tend to target people between the ages of 40 and 69, but people of all ages can be vulnerable.
How can you protect yourself from such scams?
Remember to always be alert. You may be left heartbroken, but that’s nothing compared to being left broke.
About African Bank
Our mission is to be a successful Retail Bank offering a wide range of products and services to the consumers of South Africa. The people who work for African Bank represent the diverse population of South Africa; therefore we are a reflection of you, of all South Africans. We seek to provide value - more than our consumers expect of us. We promise to live our purpose 'humanity through banking' in all that we do and we are confident that we can, because 'We are You'.