Application fraud
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Trust as a target: The parallels between application and romance fraud
Yahoo Finance· 2026-02-10 13:41
Romance scams aren’t only heartbreaking. They are big business for criminals. Every year in the UK, there are more than 9,400 reports of romance fraud. This equates to a loss of more than £106m or around £11,200 per victim on average. The reports of romance fraud continue to rise at a time when identity fraud as a whole is surging. The common thread tying them together? Trust is exploited and identities are misused. Romance scams are often seen as personal crimes rather than financial ones. However, behi ...