As if creepy suitors and heartache weren’t enough to contend with on Valentine’s Day, scammers are expected to be out in full force, preying on the vulnerable.
Romance scams topped 21,000 in number – with $143 million racked up in losses – in 2018, according to a report from the Federal Trade Commission (FTC).
“Given the emotions, it is no surprise that romance scam losses, averaging $2,600 each, are seven times greater than most other frauds,” said Anupam Sahai, vice president of product management at Cavirin.
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