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Romance scams will cost you
Romance scams will cost you | FTC Consumer Information
Over the past two years, fraudsters stole millions of dollars from businesses by compromising their official email accounts and using those accounts to initiate fraudulent wire transfers. Evidently, there has been an increase of computer intrusions linked to BEC scams, involving fraudsters impersonating high level executives, sending phishing emails from seemingly legitimate sources, and requesting wire transfers to alternate, fraudulent accounts. The FBI defines Business Email Compromise BEC as a sophisticated scam targeting businesses working with foreign suppliers and businesses that regularly perform wire transfer payments. Formerly known as Man-in-the-Email scams, these schemes compromise official business email accounts to conduct unauthorized fund transfers.
Faking it — scammers’ tricks to steal your heart and money
You may think you spend a lot on flowers or chocolate, but losing money in a romance scam would cost you even more. What do we mean by romance scams? Usually they want the money by wire transfer or gift card. They might claim they need it for a medical emergency or to come visit you.
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content. Millions of people are affected by money transfer scams each year. Learn what to look out for so you can keep your money safe.