Home Business SA’s RomCons cost hopeless romantics more than R130 million, says online study

SA’s RomCons cost hopeless romantics more than R130 million, says online study

3

(Getty Images)

  • Catfish scams have surged during the pandemic, as people spend more time on the internet, isolated from social gatherings.
  • South African scammers who have created fake profiles to feign romantic interest for financial gain defrauded some R134 million in 2020, according to a study by Techshielder.
  • And while South Africa only accounts for 2% of all reported catfish incidents in the top-20 countries, the average victim loses almost three times more money when falling for a South African scammer.
  • For more stories go to www.BusinessInsider.co.za.

Online scammers in South Africa who create fake profiles to attract and then defraud people looking for romance have cost victims around R134 million, according to a global catfishing report.

The global Covid-19 pandemic and associated lockdowns have led to a surge in online interactions. It’s also led to isolation, with people cooped up indoors, unable to engage at social…

Click here for full article…www.businessinsider.co.za