March 24, 2026, 5:07 a.m. CT Elder fraud is a significant issue, with reported losses reaching nearly $5 billion in 2024. Scammers often build emotional connections through romance scams before making urgent requests for money. These scams have become industrialized, sometimes involving organized crime and exploited workers. Warning signs include urgent demands for money, requests...Read More
Internet romance scams are now pervasive online, and according to consumer protection authorities it can be extraordinarily difficult to convince people they have been duped. “I have seen it happen to people you would think are extremely intelligent and in control because these scammers are some of the best behavioural scientists in the world,” Trish...Read More
The Financial Ombudsman Service received more than 500 complaints between January 2025 and March 2026 from people who were victims of romance scams. Romance scams are where fraudsters convince often vulnerable people to send money to them, by gaining their trust and convincing them that they are in a relationship. The Fos reviewed 14,000 scam...Read More
By Kevin King, Vice President and IT Information Security Officer, Members 1st Federal Credit Union ENOLA, Pa., March 25, 2026 /PRNewswire/ — Romance scams are no longer tied to a specific season—they are a year-round threat growing in scale, sophistication and impact. As more people form connections through dating apps and social media, fraudsters are...Read More
