Crooked Casanovas used online dating scams to steal an estimated $500 million from lonely victims last year, according to a new analysis of government fraud data by Atlas VPN, an internet security provider.
Why it matters: The isolation of the lingering pandemic provided cover to fraudulent suitors who had an excuse for not meeting up in person even as they fleeced their would-be lovers out of gift cards, money — even cryptocurrency.
Details: Romance impersonators cheated potential mates out of more than $343 million in the first three quarters of 2021, according to Atlas VPN.
The big picture: People have grown lonelier as the pandemic has dragged on.
The bottom line: As people’s well-being has declined, they have become more vulnerable to romance scams.
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