"Two U.S. senators sent a letter to Tinder parent Match on Wednesday, pushing for action against dating scams on the company's platforms and asking for information about its efforts to detect fraud and protect its users. In a letter to Match CEO Spencer Rascoff, Democratic Senator Maggie Hassan and Republican Senator Marsha Blackburn asked the company to provide documents about its policies and procedures related to fraudulent activity on its platforms."
"Romance scams often involve fraudsters creating alluring but fake profiles on dating apps, stringing along victims for weeks or months before asking for gifts or money. "We are also concerned that Match, through its algorithmic design, creates trust that romance scammers can exploit," the senators wrote. Cybercrime of all stripes cost victims over $16 billion globally last year, the Federal Bureau of Investigation said in an April report, including hundreds of millions of dollars in losses caused by romance scams."
Two U.S. senators requested that Match provide documents detailing policies and procedures addressing fraudulent activity on its platforms. The request targets romance scams in which fraudsters create fake profiles, cultivate relationships, and then solicit money or gifts from victims. The senators raised concern that Match's algorithmic design may create trust that scammers can exploit. FBI data shows cybercrime cost victims over $16 billion globally last year, with romance scams responsible for hundreds of millions in losses. Match operates Tinder, Hinge, and OkCupid and was given until October 15 to supply evidence of prevention efforts. Match reported investments in fraud detection and safety partnerships.
Read at Fast Company
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