Scam Watch

Facebook Is Being Sued For $50 Million For Not Taking Down An Imposter Page

Facebook Is Being Sued For $50 Million For Not Taking Down An Imposter Page

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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New Malware Threat Hacks Facebook Business Accounts

New Malware Threat Hacks Facebook Business Accounts

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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Regulator: Facebook Marketplace Is Full Of Banned And Recalled Products

Regulator: Facebook Marketplace Is Full Of Banned And Recalled Products

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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Report: Facebook Hosts A Stunning Amount Of Cryptocurrency Fraud

Report: Facebook Hosts A Stunning Amount Of Cryptocurrency Fraud

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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Facebook Algorithm Reveals A Lot Of Spam In Top Shared Links

Facebook Algorithm Reveals A Lot Of Spam In Top Shared Links

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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Australian Regulators Call For Stronger Ban On Fraudulent Facebook Advertisements

Australian Regulators Call For Stronger Ban On Fraudulent Facebook Advertisements

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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Report: Facebook Gaming Platform Is Full Of Scams

Report: Facebook Gaming Platform Is Full Of Scams

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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Australian Mogul Sues Facebook Over Scam Advertisements

Australian Mogul Sues Facebook Over Scam Advertisements

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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Report: Facebook Is Still Failing To Crack Down On Fake Reviews

Report: Facebook Is Still Failing To Crack Down On Fake Reviews

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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Facebook Mistakenly Verified A Bitcoin Scammer Pretending To Be Elon Musk

Facebook Mistakenly Verified A Bitcoin Scammer Pretending To Be Elon Musk

Because Facebook is the biggest social media platform in the world, scammers often use it to take financial advantage of unsuspecting people. However, the least users can ask of Facebook is not to actively promote these criminals. Yet that’s exactly what happened recently when the social media giant mistakenly verified a bitcoin con artist posing…

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