IOVATION BLOG - July 21 - When it comes to online dating scams, we all like to believe we learn from our own, and others, experiences. But according to new statistics on Romancescams.org, site dedicated to fighting online romance scams, the average loss per person involved in a romance scam has climbed to $11,500. That’s up from a 2007 report where the advocacy group cited the average loss per victim was $7,900. Barbara Sluppick, the founder of Romancescams.org, said the problem continues to escalate despite having more information. Phonebusters, the Canadian organization that deals with online scams, recently said that more money is earned in online scams than in the drug trade. On July 20th, iovation CEO and co-founder, Greg Pierson, presented to 800 webinar registrants, a comprehensive way to detect criminal activity online, without collecting personally identifiable information (PII) or interrupting the user experience. Over 300 major brands use iovation’s fraud protection service to protect their members from romance scams, spam, financial fraud and many other forms of online fraud and abuse. To watch the webinar, please visit www.iovation.com/risk-mitigation.
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