Romance Scams

SE Asia-Based Scam Groups Raked in $37 Billion in 2023
SE Asia-Based Scam Groups Raked in $37 Billion in 2023
October 07, 2024  |  Fraud Attack

Scammers based in Southeast Asia took in up to $37 billion in 2023. These groups are still ramping up their efforts in spite of increased...

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Dating Apps Try to Woo Gen Z Women Amid Threats and Scams
Dating Apps Try to Woo Gen Z Women Amid Threats and Scams
May 26, 2024  |  Connected Economy

Dating apps have reportedly begun considering new features as younger women sour on their services. As the Financial Times (FT) reported Sunday (May 26), companies...

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Complaints of Fraud Targeting Older Americans Rose 14% in 2023
Complaints of Fraud Targeting Older Americans Rose 14% in 2023
May 01, 2024  |  Security & Fraud

Fraud targeting older Americans’ money or cryptocurrency increased by double-digit percentages in 2023. The number of complaints of elder fraud increased by 14% during the...

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Online Romance Scams Grow More Sophisticated With Deepfakes, Advanced Tech
Online Romance Scams Grow More Sophisticated With Deepfakes, Advanced Tech
February 13, 2024  |  Security & Fraud

In this era of connectivity, where virtual encounters often precede physical ones, online relationships have become a breeding ground for exploitation, with fraudsters capitalizing on...

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Pay.UK on Striking the Balance Between Fast and Friction in Stopping UK Fraud Epidemic
Pay.UK on Striking the Balance Between Fast and Friction in Stopping UK Fraud Epidemic
February 14, 2023  |  Security & Fraud

The U.K. has been experiencing a widespread payments fraud epidemic in recent years. Authorized push payment (APP) fraud, for example, increased 40% between 2020 and...

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The Cost Of Love: FTC Data Shows Over $200M Lost To Romance Scams In 2019
The Cost Of Love: FTC Data Shows Over $200M Lost To Romance Scams In 2019
February 13, 2020  |  Safety and Security

Consumers reported losing $201 million to romance scams last year — an almost 40 percent increase since 2018 per new U.S. Federal Trade Commission data...

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FTC: Romance Scammers Swindled $143M From Consumers In 2018
FTC: Romance Scammers Swindled $143M From Consumers In 2018
February 12, 2019  |  Security & Fraud

The Federal Trade Commission released a warning on Tuesday (Feb. 12) about potential “romance scams,” which cost victims a collective $143 million last year. The...

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