BUSINESS INSIDER - Feb 13 - According to the fraud protection firm Iovation, instances of fraud on dating sites has jumped more than 150% in the past year. In 2010, 1.4% of the online dating site transactions Iovation processed using its ReputationManager 360 program were found to be fraudulent; that number jumped to 3.8% in 2011. "Those bad actors can cause millions of dollars in lost revenue and damaged reputation to online dating sites, not to mention a loss of innocence for its users," Mark Brooks, said editor of OnlinePersonalsWatch.com.
by Matt Liebowitz
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