From the Guardian · · 1m 10s
US Report Details Dating App Scams' Devastating Impact
Congress report reveals dating apps cost Americans $1.3bn yearly in romance scams.
In brief
Congress report reveals dating apps cost Americans $1.3bn yearly in romance scams. US Congress report shows dating apps like Tinder cost $1.3bn annually in romance scams, with Match Group needing more action to protect users. Originally reported by the Guardian.
Congress Investigates Dating App Scams
US Congress launched an investigation into romance scams on dating platforms owned by Match Group.
Mary Lost $100,000 to Scammer
Mary sent $100,000 in cryptocurrency payments after meeting a scammer on Plenty of Fish.
Scams Cost $1.3bn Annually
Romance scams cost Americans at least $1.3bn yearly, with fraudsters using fake relationships to demand money.
Tinder's Security Lags
Tinder had not updated machine learning models for years, making it harder to detect scammers.
500,000 Accounts Exchanged Info
Nearly 500,00:000 Tinder and Hinge accounts exchanged contact information with other users.
Match Group's New Measures
Match Group introduced facial verification and video selfie checks to combat romance scams.
Scams Continue Despite Efforts
Scams persisted for years before Match Group's new security measures were implemented.
The key point
US Congress report shows dating apps like Tinder cost $1.3bn annually in romance scams, with Match Group needing more action to protect users.
