
A Latvian woman has transferred almost 100,000 euros to a romantic fraudster in recent years, highlighting the growing issue of online scams targeting women. Cybersecurity blogger Elvis Strazdiņš and SEB banka have warned about the dangers of such schemes, which often lead to financial ruin and emotional distress.
The fraudster, who surprised even cybersecurity experts with his tactics, managed to convince a 60-year-old woman to fly to Ghana to meet him. Despite efforts by Strazdiņš to warn her at the airport, she proceeded with the trip. "The problem is that the guy was one step ahead of us. I know the plan, I've seen a lot of these scams. But he carried out one percent more of it," Strazdiņš said.
Mārcis Pelcis, Head of the Security Department of SEB banka, explained that fraudsters play on victims' emotions. "Everyone has it – the desire to feel needed, loved, wanted. And then often those rational elements don't work. Fraudsters know exactly that and use it," Pelcis said. The bank has implemented measures to stop large transactions and warn customers about potential scams.
The issue of romantic fraud is not isolated. Another client of SEB banka transferred nearly 100,000 euros to a scammer. The bank uses its resources to stop atypical transactions and question customers to make them think twice. "Quite often, when atypical signs are visible, the client starts to think – but really? Are we really going to settle virtually, on the Internet now? Then they understand themselves," explained a bank expert.
Strazdiņš has been involved in several cases where families notice that a woman has fallen into the trap of fraudsters. Unfortunately, there have also been cases where victims have taken their own lives out of despair. Strazdiņš recommends asking how much the scammer has given back. "And if only you give," he said.
The problem of romantic fraud is growing, with more women becoming victims. The scams often involve large sums of money transferred over years. "It's a blatant [case]. Not typical. But the amounts are large. Typically, it lasts for years. Five, seven. The amounts grow. Your own money is invested. A loan is taken," said Pelcis.
The bank's efforts to stop these transactions often involve questioning customers about unusual transactions. This has helped some victims realize they are being scammed. However, the emotional manipulation by fraudsters makes it difficult for victims to see the truth.
The bank uses the only possible means in its hands – it stops the transaction if the amount is large and is atypically made abroad. And often it is the questions of the bank employees that open the eyes of the seduced person.
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