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Online romance scams expand, now with more cryptocurrency
CyberScoop www.cyberscoop.com
Reports of online romance scams continued to grow in 2021, according to the Federal Trade Commission, and cryptocurrency payments now represent a big chunk of the money lost. Complaints about these heartbreaking swindles added up to $547 million overall last year, the agency said Thursday, up about 80 percent from the $307 million reported to the FTC in 2020. Of that total, $139 million in reported losses came from cryptocurrency transactions. In those cases, the victims often are subjected to …
crypto cryptocurrency cybercrime dating apps federal trade commission (ftc) financial fraud romance romance scams scams social engineering