Making the Internet a safer place! Experienced in designing detection/enforcement systems to combat abuse at scale. Previous work includes: malicious websites, misinformation, spam content, fake/compromised accounts, chargebacks, payments fraud.
According to a Federal Trade Commission report, scammers have been using fake identities to gain the trust and affection of potential partners in hopes to receive money. NBC News’ Jacob Ward reports on how these romance scams have surged during the pandemic hitting a record-high in 2021 with losses totaling 547 million dollars.
As Jane Lee, a security architect with the fraud-prevention firm Sift, explained to Bloomberg, these scams are proliferating because "People are lonely, looking to dating apps, looking to meet and connect with people. And then the other side of the coin is cryptocurrency is such a hot topic right now."
A new report by Sift shows how pervasive crypto scams are, revealing that 43% of those engaged in the crypto market have encountered scams.
People are lonely from the pandemic, and crypto is super hot right now. The combination of the two has really made this a successful scam.