New TSB analysis has found that 51 to 65-year-olds spent the most money on fake relationships in 2022.
A new investigation by TSB has discovered that people aged 51 to 65 accounted for nearly half of the amount of money reported lost to romance fraud last year. The bank warned that scammers will create fake profiles on dating websites and social media before spending time building trust with people looking for a relationship before asking for cash help.
Some had specific stories about needing medical help, home improvements or car maintenance, while others asked for money to help them ‘get by’. The bank also stressed the importance of not giving personal and sensitive information away. It said romance scams account for four per cent of all fraud it sees and these tend to be the most emotive losses that TSB refunds.
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