Australians are urged to keep an eye out for dating and romance scams this Valentine’s Day after there was a record high of $56 million (US$40 million) in reported losses to Scamwatch in 2021, an increase of 44 percent.
But the full extent of losses to romance scams is much higher, as Scamwatch’s internal research showed that only around 13 percent of all scam victims report to the website.
