GITNUX MARKETDATA REPORT 2023

Social Media Catfish Statistics [Fresh Research]

Facts about this Market Data Report

IconJournalist involved: 2
IconCited by: 99
IconStatistics researched: 35

Highlights: The Most Important Social Media Catfish Statistics

  • Over 50% of victims of online romance scams are women.
  • On average, romance scam victims lose around $2,600, which is more than seven times the median loss across all other fraud types.
  • The FBI’s Internet Crime Complaint Center (IC3) logged over 15,000 romance scam complaints in 2019, with reported losses exceeding $230 million.
  • In 2018, 63% of romance scams originated on dating sites, while only 3.5% occurred on social media.
  • The number of reported romance scams in the US increased by almost 6 times from 2014 to 2019.
  • In a study conducted by the Australian Competition and Consumer Commission (ACCC), Australians lost more than $28.6 million (AUD) to romance scams in 2019.

Table of Contents

Social media catfishing is a growing problem, with many people falling victim to online romance scams. In this blog post, we will look at some of the statistics and information about social media catfishing that are available from various sources. We'll discuss how much money victims lose on average, which gender is most likely to be targeted by scammers, where these scams originate from and more. Additionally, we'll provide links to reputable sources so you can find up-to-date information for yourself.

The Most Important Statistics
Over 50% of victims of online romance scams are women. This statistic is a stark reminder of the dangers of online romance scams, particularly for women. It highlights the need for greater awareness of the risks associated with online dating, and the importance of taking steps to protect oneself from potential scammers. It also serves as a reminder that women are disproportionately affected by online romance scams, and that more needs to be done to protect them from such scams. On average, romance scam victims lose around $2,600, which is more than seven times the median loss across all other fraud types. This statistic is a stark reminder of the financial devastation that romance scams can cause. It highlights the fact that victims of romance scams are more likely to suffer greater financial losses than victims of other types of fraud. This serves as a warning to those who may be vulnerable to such scams, and emphasizes the importance of being vigilant when engaging with people online.

Social Media Catfish Statistics Overview

The FBI's Internet Crime Complaint Center (IC3) logged over 15,000 romance scam complaints in 2019, with reported losses exceeding $230 million.

This statistic is a stark reminder of the devastating effects of social media catfishing. It highlights the sheer number of people who have been taken advantage of by scammers, as well as the amount of money that has been lost as a result. It serves as a warning to be vigilant when engaging with people online, and to be aware of the potential risks of social media catfishing.

In 2018, 63% of romance scams originated on dating sites, while only 3.5% occurred on social media.

This statistic is a powerful reminder of the importance of being aware of the potential for catfishing on dating sites. It highlights the need to be vigilant when engaging with people online, as the majority of romance scams originate from dating sites rather than social media. It also serves as a warning to be wary of any requests for money or personal information, as these are common tactics used by catfishers.

The number of reported romance scams in the US increased by almost 6 times from 2014 to 2019.

This statistic is a stark reminder of the dangers of social media catfishing. It shows that the number of people falling victim to romance scams has skyrocketed in recent years, highlighting the need for greater awareness and vigilance when it comes to online relationships.

In a study conducted by the Australian Competition and Consumer Commission (ACCC), Australians lost more than $28.6 million (AUD) to romance scams in 2019.

This statistic is a stark reminder of the devastating effects of social media catfishing. It highlights the financial losses that Australians have suffered as a result of being deceived by romance scammers on social media platforms. It serves as a warning to all users of social media to be vigilant and to be aware of the potential risks of being catfished.

Conclusion

It is clear from the statistics and information provided that social media catfishing is a serious problem, with victims losing millions of dollars each year. While it can be difficult to stay up-to-date on current trends in this area, there are many reputable sources available for those who wish to learn more about online romance scams. By being aware of the risks associated with social media catfishing and taking steps to protect yourself, you can help reduce your chances of becoming a victim.

References

0. - https://www.accc.gov.au

1. - https://www.ic3.gov

2. - https://www.ftc.gov

ZipDo, cited June 2023: Social Media Catfish Statistics

Frequently Asked Questions

A social media catfish is an individual who assumes a false identity on social media platforms, often with the intention of deceiving others, building relationships, or otherwise manipulating individuals for personal gain.
Motivations for becoming a catfish can vary greatly, but common reasons include the desire for attention, seeking emotional connections, revenge on a former partner, loneliness, low self-esteem, and sometimes financial gain through scams.
To identify a potential catfish, one can look for indications such as a limited number of photos, lack of interaction with friends, reluctance to engage in video calls or voice chats, inconsistencies in their stories, and fast-paced or overly intimate relationships.
Victims of catfishing can endure emotional and psychological distress, damaged trust or self-esteem, and in some cases, financial loss. In severe cases, victims may experience harassment, stalking, or blackmail.
To protect oneself from being catfished, individuals are encouraged to practice caution when engaging with strangers online, evaluate the authenticity of profiles, perform reverse image searches for profile pictures, avoid sharing personal or sensitive information, and trust their instincts if something doesn’t feel right.
How we write these articles

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly. See our Editorial Guidelines.

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