Treasure Chest for Scammers: Social Media
It’s no secret that people love social media. Whether it’s Facebook which has over 2 billion active users as of October 2018, Instagram with it’s 1 billion users or LinkedIn with its 590 million users, each platform offers a unique place to interact with friends, family and sometimes strangers. Although these platforms allow us to connect with others, they can also pose a threat if we aren’t cautious. Social media permeates the lives of many people – we use it to stay in touch, make new friends, shop, and have fun. But reports show that social media is also increasingly where scammers go to con us. More than one in four people who reported losing money to fraud in 2021 said it started on social media with an ad, a post, or a message. In fact, the data suggests that social media was far more profitable to scammers in 2021 than any other method of reaching people. For scammers, there’s a lot to like about social media. It’s a low-cost way to reach billions of people from anywhere in the ...