For most singles, it is an annual reminder of the need to find a significant other. That is why the holiday is an ideal time to discuss dating site scams that seek to entrap and extract money in a variety of ways from lonely singles willing to overlook the occasional red flag. This frequently can happen in innocent encounters online, but it also is what helps fraudsters gain the trust of potential marks on dating sites. No surprise then that fraud prevention vendor iovation found that online dating transactions, including everything from account profile creation and login to the exchange of information, have a higher chance of being fraudulent when compared to transactions in other industries. Fraudulent profiles are a growing problem for online dating sites in particular as fraudsters use them to either perpetrate romance scams or harvest personal details from targets to either take over their accounts or steal their identity.
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