Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

According to the Canadian Anti-Fraud Centre (CAFC), in the current social environment, most people are using dating apps to try to find love online. As

According to the Canadian Anti-Fraud Centre (CAFC), in the current social environment, most people are using dating apps to try to find love online. As a result, the dating app industry has exploded.

Interesting points from the article:

Online dating fraud statistics show that too many relationships never end "happily ever after". This shows that there are many people who really want love, but they are often exploited.

Scammers will go all out to achieve their goals in order to gain the trust of their victims, offering gifts and compliments, and opening up to you by sharing "personal information" like a psychological mentor.

Fraudsters' methods may seem low-level, but they always find victims because that's one of the ways they screen them.

Disturbing point from the article:

Suicide rates are highest among victims of romantic scams, who often find it difficult to recover any property they have lost after such incidents, coupled with emotional betrayal, contributing to their loss of faith in life. And chose to commit suicide.

As a result of COVID-19 and the extended quarantine period, nearly 24,000 people have become victims, with nearly 32,000 reports. People lost as much as $304 million. (The Global Payback,2021)Despite the dangers of romantic scams, new victims are still born every day, and the amount of money victims are defrauded is very high.

Because of COVID-19, the Internet is being used more and more, so these romantic scams, and other online scams, are popping up all over the place. They are very sophisticated and can take your money out of you without even noticing. Because of the secrecy of the Internet, it takes a lot of time to catch the real culprits, which is why these scams are still going strong.

please write you comments on the ubove with references

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Accounting

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann Johnston, Peter R. Norwood

11th Canadian Edition Volume 2

0135359783, 978-0135359785

More Books

Students also viewed these Accounting questions