Online Security

Romance Scams

According to the FTC, Romance Scams are one of the top five scams targeting American seniors age 60 and above—and have increased significantly in recent years.
How Romance Scams Work

Sadly, these scenarios take place every day. Cybercriminals who adopt fake online identities to gain affection and trust steal more than $100 million each year.1 They use the illusion of a close romantic relationship to manipulate their victims, often using social media postings to better understand their targets. To avoid in-person meetings, the scam artist may make up a host of excuses, such as working in an industry that requires extensive overseas travel for long-term projects.

Action Steps to Prevent Romance Scams

If you believe you’re the victim of a Romance Scam, don’t be embarrassed to seek help. Responding quickly can help limit damage.

  1. 01

    Reach out to a trusted individual for guidance, such as a friend, family member or your Morgan Stanley Financial Advisor.

  2. 02

    If you shared any bank account information or sent money, contact your financial institution immediately to discuss cancelling any fraudulent transactions and possibly opening a new account.

  3. 03

    Report the incident to the Federal Trade Commission and visit for more information and specific actions based on your situation.