According to a report this week in Eater magazine, Facebook scammers have stolen over $200,000 impersonating luxury restaurant supplier Regalis Foods. According to the real company, it began receiving reports in January this year that a scam account was impersonating all of its imagery, products, and banners in order to dupe users. And the worst…
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This week, a court in Canada ruled that Facebook can’t toss the case of a man suing the social media giant for $50 million in damages because it did not take down an imposter page. The case, originally filed in 2020 by a man named Timothy Craig Durkin, said that a Facebook account had been…
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According to a team of security researchers, there is an ongoing cybercriminal campaign to target marketing and HR professionals with malware in order to hijack their Facebook Business accounts. The threat, originating in Vietnam, appears to be driven solely by financial purposes. The scam works by targeting employees via LinkedIn who may have high-level access…
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This week, Facebook Marketplace came under fire once again for allegedly hosting bad actors who are selling dangerous products to unsuspecting users. Previously, the platform has landed in hot water for hosting the sale of drugs or guns. This time, it’s the U.S. Consumer Product Safety Commission (CPSC) accusing the social media giant of allowing…
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It’s an unfortunate reality of Facebook that many cybercriminals abuse the platform to scam unsuspecting users. And according to the Federal Trade Commission (FTC), one of the fastest-growing scams on Meta-owned platforms involves cryptocurrency. According to a recent report from the government organization, Instagram and Facebook account for the majority of crypto scams on social…
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Last week, Facebook parent company Meta released its quarterly “widely-viewed content report” that details the most-viewed organic content in the U.S., including domains, links, Pages and posts. And unfortunately, the report revealed that six of the top 20 shared on Facebook were removed for being spam. “In this report, there were pieces of content that…
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It’s not exactly breaking news that financial scams are all too common on Facebook. However, some government regulators around the world have reached a breaking point, calling for the social media giant to adhere to a mandatory code of conduct to help better protect the public from these scams. According to the Australian Financial Services…
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Four years ago, Facebook launched a gaming platform to compete with Amazon’s popular Twitch streaming site. However, after an initially promising launch, users have complained that the site is now overrun with fake videos and strange scams. According to a report this week in Bloomberg, some of these videos include weird montages of chiropractic practices,…
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Fraudulent advertisements are one of the most common and pervasive problems on Facebook. So it’s no surprise when some of these ads try to leverage the fame and fortune of someone else to fool unsuspecting users. That’s why, this week, Australian billionaire and mining magnate Andrew Forrest announced he is suing Facebook for failing to…
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Because of its size and scope, Facebook is no stranger to scams and criminal activity. And one of the most persistent rip-offs on the platform involves fake review “factories” that offer free Amazon items, refunds, gift cards, and more in exchange for positive reviews. Facebook has long promised to crack down on this activity —…
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