This is how much lovelorn South Africans paid online fraudsters in 2020

 This is how much lovelorn South Africans paid online fraudsters in 2020

South Africa is one of the countries where you are most likely to be catfished and it could cost you dearly, according to an analysis conducted by Techshielder. The business was booming in the online romance scam network, which raked in more than R3 billion across the world in 2020.

SCAMMERS TAKE ADVANTAGE OF PANDEMIC

The technology and internet security website, Techshielder, said that catfishing scams – also known as dating or romance scams – have seen a huge spike over the course of the pandemic, spurred on by the isolation and loneliness that people have experienced across the world since the onset of COVID-19.

“Defined as creating a fake profile to attract someone online, catfishing is a modern term that was coined in 2010 by the producers of the American documentary Catfish,” said Techshielder, adding that the scams are not only confined to romantic relationships but can also take the form of familial,…

Read full article at www.thesouthafrican.com