Letters are exchanged between the scammer and victim until the scammer feels they have groomed the victim enough to ask for money.
And while everyone is at risk, seniors can be a major target.
It seems that you only need to pick up the newspaper or watch the news to hear about the latest financial scam and it’s something that has become an unwelcome part of modern life.
"Because there are so many people using the app, it’s a ripe target for scammers," Satnam Narang, security response manager at Symantec, told NBC News.
Fake Profiles 101 On Tinder, people either swipe left to reject someone or swipe right to accept them.
Tinder is relatively new, so there are not that many statistics on how many fake profiles are floating around out there.
But the company is extremely popular, boasting 10 million users, which is probably why IAC added another 10 percent to its majority stake in the company on Friday for a reported 0 million.
So what does this have to do with a dating site you ask?
Unfortunately, the anonymity of the internet makes it a perfect place for con artists to hide their real intentions while trying to entrap their victims under the guise of romantic interest.
A romance scam is a confidence trick involving feigned romantic intentions towards a victim, gaining their affection, and then using that goodwill to commit fraud.
Fraudulent acts may involve access to the victims' money, bank accounts, credit cards, passports, e-mail accounts, or national identification numbers or by getting the victims to commit financial fraud on their behalf.
Don’t get me wrong, the vast majority of members of reputable dating sites (both paid and free) are legitimately looking for a sincere match, but there are red flags that you should look out for when embarking on the journey of online dating for the first time. Red Flag #1 If someone is too interested – too quickly – in getting to know you beyond the safety of your computer, this could indicate a problem.