![On Your Side: Better Business Bureau warns that AI, cryptocurrency bring new risks to romance scams [Video]](https://smallbizsage.com/wp-content/uploads/2025/02/mp_354139_0_NF5AXRG3L5AFZA7H3TMCLKJMXUpng.jpg)
SPRINGFIELD, Mo. (Edited News Release/KY3) – Looking for love? Better Business Bureau recommends looking out for romance scams when dating online, as AI tools and cryptocurrency lend new dimensions to old scams.
Romance fraud is commonly reported to BBB and often results in a high monetary loss. BBB received 532 reports to BBB Scam Tracker about romance scams in 2024. These reports had a median loss of $6,125, the second-highest median loss of any scam type. BBB’s 2023 Scam Tracker Risk Report ranked romance scams as the 5th riskiest scam type and found that people over the age of 65 were at high risk from this type of fraud.
Scammers use fake online dating profiles to pursue a relationship with someone and gain their trust (BBB’s 2018 investigative study details this process). The scammer will eventually ask for money or personal information, and they may spend weeks or months pretending to date someone to pull the scam off.
“Online dating makes it …
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