Ms Rickard said the majority of reports to Scamwatch about scams via social media were taking place on Facebook."The ACCC is working with Facebook, as well as the major banks, Money Gram, Paypal, Western Union and Apple to better tackle scams and reduce the harm experienced by consumers," Ms Rickard said.
The creation of the internet and its progressive innovations have opened up doors for people to meet other people who they may very well have never met otherwise.
Almost 25,000 people complained about phishing emails last year — the most of any category — but only 194 people reported losing money.
Last year also saw an increase in requests for payment via i Tunes or gift cards and the rise of threat-based scams where perpetrators impersonate government agencies to scare victims into parting with their money.
People no longer need to search on the streets to find casual relationships.
They can find them online if that is what they desire.