As Valentine’s Day approaches, it’s a great time to celebrate love and connection, but it’s also important to stay cautious and protect yourself from potential romance scams that could target your heart and finances.
What Are Romance Scams?
Romance scams involve cybercriminals creating fake profiles on dating apps and social media platforms to deceive victims into romantic relationships. After gaining trust, these scammers manipulate emotions and eventually trick people into sending them money.
How Do Romance Scams Work?
- The Perfect Match: Scammers use stolen photos and made-up details to create appealing profiles.
- Building Trust: They form a strong emotional bond quickly, often declaring love early.
- The Ask: Scammers fabricate emergencies and ask for money.
- Continued Manipulation: They continue to invent reasons to ask for more money.
Red Flags to Watch Out For
- Rapid Declarations of Love: Scammers push for a serious relationship quickly.
- Requests for Money: Be cautious of financial requests, especially if you haven’t met in person.
- Inconsistent Information: Scammers may give conflicting details about their life.
- Reluctance to Meet: They might avoid meeting in person or having video calls.
How to Protect Yourself
- Verify Their Identity: Check if their social media profiles are consistent and active over a significant period. This can help determine if they are a real person or a fabricated identity.
- Be Skeptical: Question any requests for money or personal information.
- Protect Your Information: Avoid sharing sensitive details.
Reporting Suspicious Activity
If you encounter a romance scam or suspicious activity, report it immediately. SmartBank offers assistance:
- Email: ReportFraud@smartbank.com
- Client Services: 1.866.290.2554
Also report to law enforcement:
- Local police department
- Federal Trade Commission (FTC) at reportfraud.ftc.gov
Your well-being is important to us. This Valentine’s season, celebrate love with caution and ensure your heart—and bank account—stays safe.
Enjoy a safe and happy Valentine’s Day!