• 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
  • Andrew Cuomo blasts far left Dems for being soft on crime, harming minorities they claim to represent
  • Former US ambassador called Castro the ‘Comandante,’ labeled US ‘the enemy’: DOJ
  • George Santos’ former staffer accuses congressman of sexual harassment, violating pay rules
  • Fetterman wears casual shorts to Senate for meeting with Zelenskyy, days after dress code dropped
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

Chicago’s largest newspaper blasts new left-wing mayor for day one...

May 18, 2023

AOC maintained up to $50K in student loan debt while...

August 16, 2023

A President Who Warned Americans What Extravagant Federal Spending Would...

December 18, 2022

Stefanik hits back at House Democrat pushing to censure her:...

January 18, 2024

California creates hotline to provide legal help related to abortion

May 3, 2023

Trump is ‘getting ready’ for debate by ramping up campaign...

September 3, 2024

Biden calls Speaker Johnson ‘dead on arrival’ in odd response...

July 30, 2024

Trump gears up for 2024 rally in Waco, Texas amid...

March 19, 2023

Blinken meets with Saudi Crown Prince Mohammed bin Salman amid...

June 7, 2023

Jimmy Carter had one of the ‘greatest second acts’ in...

February 19, 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

    • Oil prices rise more than 1% as Israel vows to intensify attacks on Iran

      June 20, 2025
    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New Rally?

      June 20, 2025
    • Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

      June 20, 2025
    • Nike pushes back Skims launch with Kim Kardashian due to production delays

      June 19, 2025
    • The Fed Is Getting It Wrong AGAIN As They Hold Rates Steady

      June 19, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,599 views
    • 2

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

      June 27, 2024 2,874 views
    • 3

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

      August 9, 2024 2,578 views
    • 4

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

      July 10, 2024 2,541 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,417 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,142)
    • Investing (538)
    • Stock (2,621)

    Popular Posts

    • 1

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

      June 25, 2024
    • 2

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

      June 27, 2024
    • 3

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

      August 9, 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

    • Oil prices rise more than 1% as Israel vows to...

      June 20, 2025
    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New...

      June 20, 2025
    • Apple looking to make ‘premium’-priced folding iPhones starting next year,...

      June 20, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,142)
    • Investing (538)
    • Stock (2,621)

    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

    Supreme Court signals interest in hearing...

    June 15, 2024

    Amid growing criticism of Biden foreign...

    February 6, 2024

    President Biden’s first term foreign policy...

    February 14, 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