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Losses To Romance Scams Double In Denmark
Danes are falling victim to romance scams at an alarming rate, with losses nearly doubling in the first half of 2024, according to new data from Finans Danmark. Although the number of reported victims has remained steady, scammers are stealing more money.
In the first six months of 2024, banks in the country registered 217 cases of romance scams. Scammers initially gained DKK20.6m from these attacks, but bank interventions were able to reduce the losses to DKK9.7m.
This still marks a near 100 percent rise compared to the latter half of 2023, and the figures released by the trade association are only representative of cases where victims contacted their banks or were alerted to the fraud by bank officials.
"There is good reason to assume that the number is much higher,” said Michael Busk-Jepsen, director of digitisation at Finans Danmark.
“We know it's a scam that many victims are embarrassed to share with others, and many do not share it with the bank either. Therefore, by all accounts, there is a large number in the dark when it comes to love fraud."
Japan’s JCB Enables Google Pay For Card Users
JCB, Japan’s domestic and international card brand, has announced that customers with Android devices can use their cards via Google Pay.
Once a JCB debit or credit card is linked to the app, Google Pay can be used to make mobile payments anywhere that JCB Contactless is accepted, including for Transit payments.
JCB said it plans to extend this support to other JCB-brand card issuers both in Japan and other markets.
“With built-in authentication, transaction encryption and fraud protection, Google Pay helps keep your money and personal information safe,” JCB said in a statement.
