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Romance Scams on the Rise: How Banks are Battling Increased Reputational and Financial Risks

Romance Scams on the Rise: How Banks are Battling Increased Reputational and Financial Risks

supportFeb 13, 2025

Romance scams, particularly sextortion, are increasingly concerning for financial institutions, with a Moody’s report indicating 1,193 new cases in 2024, a 14% rise from 2023.…

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