Love in Bloom: Watch Out for Romance Scams
Birds are chirping, flowers are blooming and spring is finally here. It’s the season of fresh starts and new beginnings – maybe even new relationships for those looking for love.
But as more people turn to online dating, fraudsters are taking advantage of the desire for connection.
According to recent research, 1 in 7 American adults (15%) say they’ve lost money to an online dating or romance scam. While adults of all ages can be a victim, those between ages 35 to 44 were most likely to report larger losses over $5,000.
How can you protect your heart (and wallet) this spring? Keep these quick tips in mind:
- Take It Slow
Scammers move fast to build trust with their victims. In the online dating world, this might look like showering you with compliments and affection, mailing gifts or talking about a future together. Remember, if someone’s pressuring you or rushing the relationship, it’s a red flag.
- Double-Check the Details
Not everyone is who they say they are online. If someone’s profile seems “off” or too perfect, it might be. You can do a reverse image search to find out if their image, name or details show up elsewhere.
- Keep Your Personal Information Private
No matter how trustworthy someone might seem, never give out sensitive details like your address, account logins or Social Security number.
- Don’t Keep Relationships a Secret
Scammers try to isolate their victims from friends and family, because it’s easier to manipulate someone when they feel alone or afraid of getting in trouble. Don’t fall for it. Talking with someone you trust can help you see what you might be missing.
Romance Scams Can Happen to Anyone
Fraudsters are skilled at what they do, and Artificial Intelligence (AI) tools are making it easier for them to create phony dating profiles, well-written messages and realistic-looking images and videos.
The key to avoiding any type of fraud is to stay vigilant. Take new relationships slow, verify before trusting and don’t let anyone pressure you into sharing sensitive information online.
If you find yourself in a romance scam, Wright-Patt Credit Union® (WPCU®) is here to help without judgment. We’ll help you secure your accounts and take the next steps to report fraud.
Remember: WPCU will NEVER text, call or email you asking for your password, PIN or personal/account information. Only scammers do this!
Think you may be a victim of fraud? WPCU is here to help. Call the Member Help Center at (800) 762-0047 right away or visit your nearest Member Center.
Looking for more tips? Check out our Fraud Prevention page. We’re With You!