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.
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.
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.
But there are risks in online dating, as the tale of one woman who lost £19,000 falling victim to scammers reveals.
A study last year revealed that more than one third of people who married in the US between 20 met online, and half of those met on dating sites.
The latest figures reveal that the UK isn't far behind, with 5.7 million people visiting dating sites every month.
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.