MARKET WIRE - Feb 9 - iovation, the Device Reputation Authority protecting online businesses from fraud and abuse, has seen a significant spike in online dating site fraud in the past 12 months. Iovation found that 3.8% of the total transactions it processed for online dating sites in 2011 were fraudulent -- more than a 150% increase over the 1.4% in 2010 and 1.5% in 2009. To date, iovation has stopped almost 60M fraud attempts on dating websites.
Some of the most common scenarios include:
- Credit Card Fraud
- Scams and Solicitations
- Identity Mining
- Profile Misrepresentation
- Harassment / Bullying
- Chat Abuse
The full article was originally published at Marketwire, but is no longer available.