Elderly Targeted by 'Cruel' Online Friendship Fraudsters

A concerning rise in "friendship fraud" is affecting older and vulnerable individuals, according to a leading bank. Scammers exploit loneliness and the desire for companionship, tricking victims into sending money through fabricated emergencies or emotional manipulation. One customer, in their late sixties, made 60 payments over four years to a scammer posing as someone needing help. Another victim, in their seventies, lost over £4,000 through multiple payments and gift cards after a scammer claimed illness.

The average loss for impersonation fraud cases, where scammers pretend to be someone else, is over £3,100. Fraud experts highlight that criminals prey on goodwill and the need for company, making false promises of online companionship. Consumer advocates emphasize being wary of relationships that escalate quickly, especially when money is involved, and advise against sharing personal financial details.

Experts urge people to be cautious of individuals asking for money, particularly if they avoid in-person or video calls. Victims who believe they have lost money are advised to contact their bank immediately and report the fraud. Support organizations are available to help victims cope with the significant emotional and financial toll these scams can take.