Salisbury Bank Offers Tips for Avoiding Online Dating Scams
March 8, 2018
Social media networks and dating websites have become increasingly popular tools for meeting and communicating. Unfortunately, fraudsters have capitalized on this trend and often create fake profiles to lure in victims, establish romantic relationships, and eventually, extort money.
According to the Federal Bureau of Investigations (FBI), over $220 million was lost in 2016 to online romance scam artists. Older Americans in particular have been targeted by this type of scam.
“While online dating can open doors to loving, happy relationships, we are receiving more and more reports of criminals using these platforms to take advantage of unsuspecting users,” said Betsy Summerville, Executive Vice President and Chief Retail Officer. “Approach these relationships with caution so you don’t end up with a broken heart and an empty wallet.”
If you are concerned that you or a loved one is being scammed, Salisbury Bank recommends taking the following precautions:
- Slow down and talk to someone you trust. Do not let anyone rush you.
- Never wire money, put money on a gift or cash reload card, or send cash to an online love interest. Chances are good that you will not get it back.
- Contact your bank right away if you think you’ve sent money to a scammer.
- Report your experience to:
-The online dating site
-Federal Trade Commision (FTC)
To learn more about online dating scams, view the American Bankers Association (ABA) Foundation and Federal Trade Commission (FTC) infographic.
Salisbury Bank is a full-service community bank headquartered in Lakeville, Connecticut and presently operates full service branches in Canaan, Lakeville, Salisbury, and Sharon, Connecticut; Great Barrington, Sheffield, and South Egremont, Massachusetts; as well as Dover Plains, Fishkill, Millerton, New Paltz, Newburgh, Poughkeepsie, and Red Oaks Mill, New York. The Bank has been serving families and businesses for over 170 years and offers a full range of consumer and business banking products and services as well as trust and investment services.