Romance baiting scams are on the rise with a record $37 million lost last year.
The Australian Competition and Consumer commission has stated the new scam technique known as ‘romance baiting’ is on the rise.
Scammers use dating apps to meet victims, and after establishing a relationship over a number of weeks the conversation is then taken to encrypted chat sites.
The ACCC said scammers begin asking victims for money, or begin encouraging investment opportunities.
The ACCC has urged Australians to be on the lookout for these behaviours over dating apps.