This form of crime is becoming more prevalent. The Federal Trade Commission received 11,235 complaints regarding dating and romance scams in 2016. That figure had climbed to 52,593 by 2020. Losses from online dating scams in the United States will exceed $300 million in 2020. A similar number in the United Kingdom was £68 million. The coronavirus pandemic, which inhibited in-person interactions and caused people to spend more time online, created conditions for romance scammers to take advantage of. While anyone can become a victim of a romantic scam, elderly individuals frequently suffer a greater financial loss. Scammers target the elderly because they are more likely to have things to steal, such as retirement savings or homes. It is estimated that almost two-thirds of romance scam victims are women, with a median age of 50. Keep on reading to find out more!