This problem has worsened over the years. More than $1 billion was lost to romance scammers in 2023, according to the Federal Trade Commission (FTC), and 2024 figures are expected to be comparable once finalized.

Scrolling social media can be an enjoyable way to connect with the world, but it can also be a gateway to heartbreak and financial ruin.

A scam referred to as “pig butchering”, where online scammers use romance to find targets, is on the rise costing people thousands of dollars. NBC News’ Ken Dilanian explains what a typical scam operation looks like.

As more people go online to seek romantic relationships, and transferring money has gotten easier and less traceable, an increasing number across the country — particularly older people — have fallen victim to fake romance schemes.

Romance scams cost US victims over $1 billion in 2023. Authorities warn of rising online fraud, as tech firms crack down on scammers targeting lonely individuals.

Islanders lost about £406,000 last year from romance scams, Jersey police have said. Recent figures from the police showed five cases had been reported in Jersey in 2024, compared to three cases the year before.

The Digital Desk spoke with an expert on how to spot a romance scam and ways to protect your transactions and steer clear of digital fraud.