That’s according to data shared with Mashable by fraud protection agency Iovation, which works with several major Internet dating services. Iovation reached that number by employing patented technology that analyzes hardware and software, rather than mine for personal information, says Molly O’Hearn, vice president of operations.
Iovation found that in 2011, 3.8% of all transactions it processed for online dating sites were fraudulent. That includes users misrepresenting themselves to try to acquire personal information, directing users to phishing sites, spamming people with unrelated messages, or persistently harassing users. Read More
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