Preventing Romance Scams: Expert Advice on Identifying and Avoiding 'Insidious' Fraud
Wednesday, 3 July 2024, 17:32
Romance Scams: An Emerging Fraudulent Trend
Romance scams have evolved into a sophisticated method of financial exploitation, costing consumers billions annually.
Recognizing the Threat
- Impact: $1.14 billion in losses reported last year
- Modus Operandi: Exploiting emotional connections to access victims' funds
It is critical to raise awareness and vigilance to combat the rising threat of romance scams.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.