• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Bipartisan bill cracks down on dating app scams that cost victims over $1 billion a year
Economy

Bipartisan bill cracks down on dating app scams that cost victims over $1 billion a year

by November 1, 2023
by November 1, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

FIRST ON FOX: House lawmakers are eyeing legislation to make dating app users more aware of potential scammers who tricked victims out of more than $1 billion in a single year. 

Rep. David Valadao, R-Calif., is reintroducing his Online Dating Safety Act this week alongside Rep. Brittany Pettersen, D-Colo.

If passed the bill would force dating apps and services to send users a fraud notification when they have interacted with someone banned from the app for using a fake identity or using the app to defraud others. 

‘It is alarmingly easy for predators online to lie about their identity and manipulate innocent people,’ Valadao told Fox News Digital. ‘While we can’t stop all criminals from abusing these platforms, the Online Dating Safety Act is an important step to enhance online safety, combat fraud and help people make more informed decisions.’

Pettersen called dating apps ‘a new frontier for criminals and scammers looking to exploit vulnerable individuals online and regulations are lagging behind.’

‘Notifying users if they have been in contact with a potential scammer is a basic security feature that every online dating service should provide,’ Pettersen said.

Nearly 70,000 people reported being the victims of a romance scam in 2022, according to a Federal Trade Commission (FTC) report from earlier this year. 

The median loss was $4,400, according to the report, with total losses at roughly $1.3 billion.

Nearly a quarter of reported victims said the scammer told them that they or someone close to them are sick, hurt or in jail, the FTC report said, making it the most common reason listed.

The second and third most popular scam was being offered insights or lessons on how to invest money, followed by claims of being in the military.

Forty percent of people scammed said they were first contacted on social media, followed by 19% on apps or websites.

Elizabeth Elkind is a reporter for Fox News Digital focused on Congress as well as the intersection of Artificial Intelligence and politics. Previous digital bylines seen at Daily Mail and CBS News.

Follow on Twitter at @liz_elkind and send tips to elizabeth.elkind@fox.com

This post appeared first on FOX NEWS
You Might Also Like
  • Whatever happened to … the investigations into the Chinese spy balloon
  • Gunmen kill 11 victims, including police officers, injure others during attack on Iranian police station
  • Mitt Romney says he is ‘not going to run for president’ in 2024 after being floated as Manchin VP pick
  • As ‘Asbury Revival’ stretches into 10th day, Mike Pence shares how the college moved him spiritually in 1978
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Florida Republican urges defunding UN Human Rights Council until UN condemns Hamas
next post
Israeli soldiers reported killed; first in Gaza since ground incursion began

You may also like

Israeli war cabinet divided over plans to scale back Gaza...

January 18, 2024

Israel ambassador slams UN council’s statement criticizing Israel: ‘How many...

October 11, 2023

Obama’s AG weighs in on whether Biden should pardon Trump

July 3, 2023

Dem, GOP reps raise alarm that Biden admin looking other...

September 29, 2023

AG threatens to sue nonprofit accused of going woke if...

February 10, 2023

Morning Glory: Israel’s war of survival

April 2, 2024

Biden blowing off Black voters, reparations activists say: the president...

July 24, 2023

SEEING DOUBLE: AOC lashes out at Twitter parody account ‘impersonating...

May 31, 2023

Cory Booker, staff safe after sheltering in place in Jerusalem...

October 9, 2023

FLASHBACK: RFK Jr. endorsed Hillary Clinton multiple times, praised her...

October 26, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,633 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,321 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,303 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Indiana mail-in voting crackdown headed to...

    April 12, 2023

    House of Representatives stays in limbo...

    October 19, 2023

    RNC launches ‘Bank Your Vote’ websites...

    January 5, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here