Connect with us

Hi, what are you looking for?

Investing

Bipartisan bill cracks down on dating app scams that cost victims over $1 billion a year

FIRST ON FOX: House lawmakers are eyeing legislation to make dating app users more aware of potential scammers who tricked victims out of more than $1 billion in a single year. 

Rep. David Valadao, R-Calif., is reintroducing his Online Dating Safety Act this week alongside Rep. Brittany Pettersen, D-Colo.

If passed the bill would force dating apps and services to send users a fraud notification when they have interacted with someone banned from the app for using a fake identity or using the app to defraud others. 

‘It is alarmingly easy for predators online to lie about their identity and manipulate innocent people,’ Valadao told Fox News Digital. ‘While we can’t stop all criminals from abusing these platforms, the Online Dating Safety Act is an important step to enhance online safety, combat fraud and help people make more informed decisions.’

Pettersen called dating apps ‘a new frontier for criminals and scammers looking to exploit vulnerable individuals online and regulations are lagging behind.’

‘Notifying users if they have been in contact with a potential scammer is a basic security feature that every online dating service should provide,’ Pettersen said.

Nearly 70,000 people reported being the victims of a romance scam in 2022, according to a Federal Trade Commission (FTC) report from earlier this year. 

The median loss was $4,400, according to the report, with total losses at roughly $1.3 billion.

Nearly a quarter of reported victims said the scammer told them that they or someone close to them are sick, hurt or in jail, the FTC report said, making it the most common reason listed.

The second and third most popular scam was being offered insights or lessons on how to invest money, followed by claims of being in the military.

Forty percent of people scammed said they were first contacted on social media, followed by 19% on apps or websites.

This post appeared first on FOX NEWS
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!





    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    World biggest companies

    You May Also Like

    Editor's Pick

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Investing

    Israel carried out limited strikes in Iran early Friday in retaliation for Tehran firing a barrage of missiles and drones at Israel last Saturday....

    Latest News

    Dong’s experience, both as head of the People’s Liberation Army Navy (PLAN) as well as operational assignments in the Chinese military’s Eastern and Southern...

    Economy

    Forex Market Opening Hours in India: Key Trading Times Explained Have you ever wondered when does the Forex market open in India exactly? What...