Love hurts: The costly reality of online romance fraud

Cross, Cassandra (2014) Love hurts: The costly reality of online romance fraud. The Conversation, December(11).

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Online dating and romance scams continue to lure in Australians with figures this week showing people have lost more than A$23 million this year alone, with average individual losses at A$21,000 – three times higher than other types of fraud.

The Australian Competition and Consumer Commission (ACCC) set up the Scam Disruption Project in August to help target those it believes have been caught in such scams. Over three months it sent 1,500 letters to potential victims in New South Wales and the Australian Capital Territory.

The figures released this week show that 50 people have been scammed, losing a total A$1.7 million – that’s an average of A$34,000 per victim. Almost three quarters of the scams were dating and romance related, which saw it evolve into the number one category of fraud victimisation.

Romance scams continue to pose a problem – despite the efforts of the police and ACCC – so why is it that people continue to fall for them?

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ID Code: 82607
Item Type: Journal Article
Refereed: Yes
Keywords: online fraud, romance fraud, victims, social engineering, cybercrime, scams
Subjects: Australian and New Zealand Standard Research Classification > STUDIES IN HUMAN SOCIETY (160000) > CRIMINOLOGY (160200) > Causes and Prevention of Crime (160201)
Divisions: Current > Research Centres > Crime & Justice Research Centre
Current > QUT Faculties and Divisions > Faculty of Law
Current > Schools > School of Justice
Copyright Owner: Copyright 2014 The Conversation Media Group
Deposited On: 19 Mar 2015 23:18
Last Modified: 25 Mar 2015 23:55

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