Last year, romance schemes accounted for a record $304 million raked into illicit coffers, according to new data from the Federal Trade Commission. Romance scams have flourished during the COVID-19 pandemic, thanks to a widening pool of targets, the FTC said. In 2020, the median dollar loss for individual victims was around $2,500, which is more than 10 times the median loss across all other fraud types. People ages 20 to 29 saw the largest increase in targeting, with the number of reports more than doubling since 2019.
Source: https://threatpost.com/cybercrooks-304m-romance-scams/163972/