With one of the highest divorce rates in the EU, finding and maintaining love is getting even more challenging for Brits - which explains why 6 million of us are taking to dating websites in search of their perfect partner.
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According to police reports, most dating scams stem from online dating websites or forums, whereby victims are duped by criminals using fake personal profiles.
Once these suspects have gained the trust of their victims, they begin to request money for various false eventualities.
This could be anything from a medical problem for either themselves or a family member that requires substantial funding, to them claiming to be military personnel based overseas who require funds for flights home or early discharge from the forces.
Get Safe Online and the National Fraud Intelligence Bureau recently released new figures highlighting that online dating fraud in the UK costs £24.5 million per year, with over 2,800 online dating related crimes being reported to the police in 2013 alone.
As older generations begin to embrace online dating, a lot of those using the sites are not particularly tech savvy and risk falling into the traps of scammers - 55% of all reported crimes came from 40-59 year olds and 63% from females.
Although the average amount lost is £8,750 per person, 16% (457) of reported victims parted with £10,000 or more, with 49 people reporting to have lost more than £100,000 and one unfortunate victim lost a whopping £850,000 looking for love online.
The top five countries where fraudsters purport to be from are England, followed by the United States, Nigeria, Ghana and Russia.
Globally, one in five relationships now starts online.
In terms of online daters, the male to female ratio on most sites is around the mark and the number of older daters (50+) has become a real growth market.
The industry is now so important to the UK economy that the Office of National Statistics recently added online dating to its basket of goods and services to calculate UK inflation rates.
The risks The internet is full of stories describing happy marriages which started with the click of a mouse, there are also a number of horror stories out there.