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In one case the victim had been told "your life is over, you may as well go and kill yourself".
It comes as the Met Police released worrying figures showing the number of sex crimes involving dating apps Tinder and Grindr was up 2,000 per cent this year.
In a similar scheme, but usually not with the aim of blackmail, "catfishing" is where an online user is tricked by another who pretends to be someone they are not in order to befriend, fool or entice.
The number of people reporting financially-motivated cyber enabled blackmails more than doubled from 385 in 2015 to 864 up to November 2016, police said. The National Crime Agency said the victims are aged between 14 and 82, with the highest proportion being men aged between 21 and 30, and with a substantial proportion in the 11-20 age group.
The account can also be reactivated at any time so your online memories are not lost forever.
Also, keep an eye on all the accounts which you might have linked in case the criminals try to contact you via one of those.
The gangs, based in Morocco, the Philippines and the Ivory Coast, use "honey trap" actors to lure their victims in and record the images before threatening to share them with the victims' friends and family unless they accede to their demands for payment.
It also added that the groups identified were working out of Morocco, the Philippines and the Ivory Coast.
Last year more than 40 arrests were made in the Philippines, and there is one ongoing international prosecution connected to one of the suicides reported this year.
If it hasn't, then you can cancel the payment - and the sooner you do that the better.
Preserve evidence: Make a note of all details provided by the offenders, for example; the Skype name (particularly the Skype ID), the Facebook URL; the Western Union or Money Gram Money Transfer Control Number (MTCN); any photos/videos that were sent, etc.Be aware that the scammer's Skype name is different to their Skype ID, and it's the ID details that police will need.