It's Valentine's Day, but it's also a day scammers are very active.
It's Valentine's Day, but it's also a day scammers are very active.

Trust your head over your heart on Valentine’s Day

IT'S A date but not necessarily the kind you really need or want. It's when lover scammers are very active on social media and dating apps.

It's also when Seniors need to get out their tech-savvy rules and be on the lookout for romance scammers. 

On Valentine's Day Scamwatch warns, its people aged 45 to 64 who are the most affected by dating scams. And women who are particularly at risk to losing money to romance scams. The data shows they are four times more likely to report losing money compared to men.

Last year there were nearly 4000 reports of dating and romance scams with losses of over $24.6 million. That's a 20 per cent increase on 2017. Women reported a total financial loss of almost $20 million while men reported a loss of about $5 million.

"Scammers tend to go where people are, and in the dating world that increasingly means on social media and dating apps," ACCC Deputy Chair Delia Rickard said.

Social media is the most common contact method used by scammers to engage their victims. However, Scamwatch is seeing increasing reports of romance scammers using mobile apps like Tinder, Facebook Messenger and Viber.

These scammers begin by establishing trust to form a relationship, then start making up stories about needing money to help cover costs associated with illness, injury, business expenses, duty or customs fees, legal costs, family costs, and travel.

Scamwatch says the scam can continue for years. It receives many heart breaking stories about the financial and emotional toll they take.

"Finding potential new love is exhilarating but that can make it easy to miss the red flags that point to you falling for a scammer," Ms Rickard said.

"Be careful if someone you don't know makes contact on social media and presents themselves as a 'too good to be true' catch. It's likely they've done some research on you beforehand to find out things about you to create an instant bond."

"On apps, it can be trickier as the whole point is meeting new people. However, nearly all romance scammers will eventually reveal their intentions, which is getting your money.

"If you've only ever known the person online or through an app, don't give them money. You may think you love them and want to help, but they'll just break your heart, and deplete your bank account," Ms Rickard said.

"It can pay to trust your head over your heart.

"If you have any doubts about someone you have met online or an app, doing a Google search on their name and pictures can often reveal scammers."

For more information, go to scamwatch.gov.au.