Romance scams are among the costliest fraud threats facing consumers today. According to the Federal Trade Commission (FTC), people reported more than $800 million lost to romance scams in 2024, reflecting both emotional and financial harm. For financial institutions, these scams create unique challenges—and opportunities to intervene before money is gone for good.

March will be here before we know it, and along with it Fraud Prevention Month and National Consumer Protection Week, so now is the perfect time for strengthening accountholder education and empowering staff.

Click Read More below to access the latest Fraud Forum blog from Angelica Larrañaga, Director, Payments Education, where she shares what romance scams look like today, the new twist from AI, and how financial institutions can protect their accountholders (Fraud Forum login required).