A new report by the National Fraud Intelligence Bureau has found that last year, singles were conned out of £39 million by fraudsters they’d met on dating sites and apps.One of the most common techniques is to build up trust with the person by messaging for weeks or even months before suddenly having an emergency - the fake person being mugged but their daughter needing urgent surgery, for example - and asking for money."It's the first real meaningful competitor," Thill told CNBC's "Power Lunch" following the announcement. Match CEO Mandy Ginsberg echoed the confidence, saying the company was "flattered" Facebook was entering the space."This is a blow to the story [for Match] in the short term." IAC chief executive Joey Levin said Facebook's product "could be great for US/Russia relationships" but hinted the space had already been cornered. "We're surprised at the timing given the amount of personal and sensitive data that comes with this territory," Ginsberg said in a statement.Around 7.8 million UK adults used online dating sites in 2016, up from just 100,000 in 2000.
The dating feature is likely to be a free service, challenging services such as Match-owned Tinder, which has been rolling out premium, paid features, according to Jefferies analyst Brent Thill."Regardless, we're going to continue to delight our users through product innovation and relentless focus on relationship success.We understand this category better than anyone." The F8 conference, often an opportunity to announce new developer tools or hardware, comes amid a broader discussion of policy and privacy for the company.Her interest was initially piqued when he seemed to have a similar background and heritage to her and they chatted for almost two months, often exchanging messages for at least two hours an evening.There was only one thing that seemed a little odd to Jane: his syntax occasionally seemed a little unnatural for a native English-speaker, and when they spoke on the phone, something about his voice didn’t seem to match his pictures.Photos used are often selfies of her wearing skimpy vest tops showing lots of cleavage.Jane*, a middle-aged woman from Warwickshire, had a lucky escape a few years ago when she very nearly handed over a sizeable sum of money to an online scammer who did in fact claim to be an engineer.They're in West Africa, Eastern Europe and it's very difficult for British law enforcement to take action against them in those jurisdictions,” Steve Profitt, Deputy Head of Action Fraud explains.And a lot of the time, you’re not just talking to one person behind each profile - you could be exchanging messages with a circle of fraudsters acting together, according to KIS Finance.She presents herself as a student, also with a degree and no interest in politics.She is 5’6”, has never been married, and has long brown hair and blue eyes.