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Risky business? Online dating fraud dips during Valentine's Day

Discussion in 'Network World' started by RSS, Feb 12, 2016.

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    RSS New Member Member

    Good news, singletons. According to research from device intelligence and fraud prevention company iovation, fraud on online dating sites is lower leading up to Valentine's Day.

    In February 2015, 1.23 percent of all online dating transactions were fraudulent, compared to 1.39 percent during all of 2015, according to iovation.

    This doesn't mean that fraudsters are less active around Valentine's day, but rather that there are more legitimate fish in the online dating sea. "The reason that online fraud rates dip at Valentine's Day is simply because there is a disproportionately high volume of legitimate dating site traffic during that time," said iovation’s VP of Operations Molly O’Hearn. "So it's not that the fraudsters are taking a breather, it's that the legitimate users of data services ramp up, causing the ratio of fraud in the mix to temporarily decline."

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