How to look out financial scams while looking for love this Valentine's Day [CBS News]
JP Morgan Chase & Co. (JPM)
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Source: CBS News
Scams tied to love, gifts and loneliness can drain bank accounts , and security experts are warning people not to fall for hackers' tricks. Natasha Castillo from JPMorgan Chase educates New Yorkers about fraud. She's seen customers tricked into sending money to someone they've never met People will ask for money to help their family or to visit the victim. "I feel like a lot of times they know," she said. "But maybe they're either in denial or embarrassed." But the shame is what scammers rely on, Castillo said. A criminal industry worth billions The romance scams have also become more complex and are no longer sloppy or obvious. Castillo warned she has seen a lot of impersonation with masked voices and photos. "It is a multi-billion dollar worldwide financial criminal industry," said National Cybersecurity Alliance's Cliff Steinhauer. He said the biggest red flag is when a romantic conversation suddenly turns to money. "Once they take you off the dating site to a Wh
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- 2/13/26 - Form 424B2
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