Current:Home > MarketsMatch Group CEO Bernard Kim on romance scams: "Things happen in life" -Wealthify
Match Group CEO Bernard Kim on romance scams: "Things happen in life"
View
Date:2025-04-13 16:58:07
The CEO of the nation's largest online dating company told CBS News that his company cares deeply about protecting its customers, though his response for those who have lost their life savings to overseas romance scammers, was more nuanced: "Things happen in life."
"Look, I mean, things happen in life," said Bernard Kim, the CEO of Match Group, when asked how he would address his customers who had been scammed. "That's really difficult. I have a tremendous amount of empathy for things that happen, but I mean, our job is to keep people safe on our platforms; that is top foremost, most important thing to us."
Kim spoke in response to questions stemming from a yearlong CBS News investigation into the widening threat posed by overseas-based criminals who managed to steal more than $1 billion last year from victims they have wooed into online romances. The investigation is the subject of a CBS Reports documentary that streams on the CBS News app and CBSNews.com beginning at 9 p.m. ET Sunday, April 28.
Senior U.S. law enforcement officials told CBS News the scams are not a new problem — but they have been supercharged by the easy access that con artists have to vulnerable, lonely Americans, who go looking for companionship on social media and dating apps.
"We see from 2017 to 2023 is when we had the sharp increase in romance frauds," said James C. Barnacle Jr., the financial crimes section chief for the FBI. Asked what changed, Barnacle replied: "The proliferation of the dating sites."
The cases, federal officials report, have ensnared tens of thousands of victims — many of whom are too embarrassed to report the crime. The range of victims has broadened to include younger, wealthier and better educated people who go online in search of partners. By some estimates, as many as 40% of the victims are men.
Match Group, which operates an array of popular dating websites and apps, says it has expanded its security posture and invests more than $125 million a year to protect customers. The company says it succeeds in removing 96% of fraudulent accounts within a day.
The company disputes an allegation the Federal Trade Commission leveled in a 2019 lawsuit, which claimed the agency's independent review of data from 2013 to 2018 showed as many as 25 to 30% of profiles on the flagship website, Match.com, were opened in order to commit fraud. In defending against the lawsuit, Match Group argued that it did not believe the FTC claim had merit and that it was not legally responsible for the interactions between scammers and their victims because of a broad immunity law that protects internet platforms from legal action.
In ruling on the case, U.S. District Judge Ed Kinkeade wrote that the provision known as Section 230 of the Communications Decency Act granted web-based service providers, like Match, immunity from liability for content posted by third parties on their sites. The judge dismissed the portion of the FTC case that tried to hold Match Group responsible for fraud activity on their platforms.
Last month, Match Group hired Yoel Roth, the former head of trust and safety for the company then known as Twitter, to take on the role at the online dating site. On LinkedIn, Roth said, he first took an interest in what the industry calls trust and safety 15 years earlier, "because the then-new world of dating apps felt like the Wild West."
"It's truly a dream come true to get to roll up my sleeves and work to protect the millions of people making connections on our apps worldwide," Roth said.
Kim told CBS News the company has sought to bulk up its protections for customers out of a recognition that doing so is "existential to our business."
"It is the first and foremost top priority for us as an organization," Kim said. "We're working really, really hard every single day to make sure that people are authentic."
More from the CBS News Investigation:
- In one woman's mysterious drowning, signs of a national romance scam epidemic
- When her mother went missing, an Illinois woman ventured into the dark corners of America's romance scam epidemic
- Romance scammers turn victims into "money mules," creating a legal minefield for investigators
- As romance scammers turn dating apps into "hunting grounds," critics look to Match Group to do more
CBS News investigative reporters Pat Milton, Clare Hymes and Alyssa Spady contributed to this report.
If you or someone you know has been affected by a romance scam, please share your story with us at [email protected]
Jim AxelrodJim Axelrod is the chief correspondent and executive editor for CBS News' "Eye on America" franchise, part of the "CBS Evening News with Norah O'Donnell." He also reports for "CBS Mornings," "CBS News Sunday Morning," and CBS News 24/7.
TwitterveryGood! (4)
Related
- The Best Stocking Stuffers Under $25
- Help is coming for a Jersey Shore town that’s losing the man-vs-nature battle on its eroded beaches
- Google's Gaza conflict: Why more bosses are cracking down on Israel-Hamas war protesters
- Flight attendant indicted in attempt to record teen girl in airplane bathroom
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Only 1 of 10 SUVs gets 'good' rating in crash test updated to reflect higher speeds
- Book excerpt: The Demon of Unrest by Erik Larson
- At least 17 people died in Florida after medics injected sedatives during encounters with police
- B.A. Parker is learning the banjo
- Stowaway cat who climbed into owner's Amazon box found 650 miles away in California
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Execution date set for Alabama man convicted of killing driver who stopped at ATM
- A longtime 'Simpsons' character was killed off. Fans aren't taking it very well
- Execution date set for Alabama man convicted of killing driver who stopped at ATM
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- What time is 2024 NFL draft Friday? Time, draft order and how to watch Day 2
- Businesses hindered by Baltimore bridge collapse should receive damages, court filing argues
- Pope Francis says of Ukraine, Gaza: A negotiated peace is better than a war without end
Recommendation
The Best Stocking Stuffers Under $25
South Dakota governor, a potential Trump running mate, writes in new book about killing her dog
Why Céline Dion Had Egg-Sized Injury on Her Face After Wedding Day
Joel Embiid scores 50 points to lead 76ers past Knicks 125-114 to cut deficit to 2-1
Highlights from Trump’s interview with Time magazine
NCAA softball career home runs leader Jocelyn Alo joins Savannah Bananas baseball team
What to know about Bell’s palsy, the facial paralysis affecting Joel Embiid
Jury in Abu Ghraib trial says it is deadlocked; judge orders deliberations to resume