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2023 Theme: Romance Scams and Social Engineering

According to the Federal Trade Commission, in the “past five years, people have reported losing a staggering $1.3 billion to romance scams… 2021 was no exception – reported losses hit a record $547 million for the year”. The new numbers are out! The FTC stated that “in 2022, nearly 70,000 people reported a romance scam, and reported losses hit a staggering $1.3 billion. The median reported loss: $4,400.”

Social engineering plays an important role across the entire romance scams process.