WESTPAC Head of Fraud Ben Young says romance scams have increased “quite a lot” in recent years.
“We saw romance scams rise 26 per cent last year and about 400 per cent over the course of COVID,” Mr Young told Sky News Australia.“One is because with COVID it allowed people to do non-face-to-face communications more readily which plays into romance scammers particularly.
“Also we’ve seen romance scams morph into different types of sub-variants of scams which can be where they get a lot more money out of victims.”
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