MARKETWIRED – Feb 11 - In 2015, 1.39% of all transactions on dating sites were fraudulent, down from the 1.58% iovation saw in 2014. By comparison, the rate of fraud across all industries was lower than in dating.
Top Types of Dating Fraud
- Spam
- Identity mining
- Scams/solicitations
- Profile misrepresentation – fraudster posts inaccurate identity information in a profile and/or uses bogus profile photos
- Credit card fraud
The highest % of fraudulent transactions in 2015 originated from these countries:
- United States – 18%
- Ghana – 11%
- Nigeria – 10%
- France – 8%
- Vietnam – 7%
See full article at Digital Journal
Summarized by the Courtland Brooks team