Scam Watch

International Bank Aims To Crack Down On Facebook Marketplace Scams

International Bank Aims To Crack Down On Facebook Marketplace Scams

Facebook Marketplace scams are always a big problem, but they reach a new level entirely around the holidays. According to international financial institution Banco Santander, its customers have lost over $8.2 million to Facebook Marketplace scams this year, a 50% increase over the last year. And that’s why the bank is implementing a new feature…

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Facebook Scam Targets The Funeral Of A Popular Politician

Facebook Scam Targets The Funeral Of A Popular Politician

Facebook scammers often capitalize on current events to attract interest. However, some scammers in Australia went a bridge too far when they created numerous fake pages that offered to livestream the funeral of a recently deceased popular politician named Peta Murphy. According to reports, at least nine separate fake pages were created for the event…

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“Sopranos” Actors Say Fake Facebook Accounts Are Scamming Fans

“Sopranos” Actors Say Fake Facebook Accounts Are Scamming Fans

Over the years, Facebook scammers have thought up hundreds of ways to separate users from their hard-earned money. However, one of the most common tactics involves creating fake accounts to impersonate celebrities. These accounts are often used to pitch fraudulent products or offer services from the celeb that don’t exist. That’s what happened recently to…

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Writer Warns That It’s Easier To Fall Victim To Facebook Scams Than You Think

Writer Warns That It’s Easier To Fall Victim To Facebook Scams Than You Think

Facebook Marketplace boasts hundreds of millions of users around the world buying and selling goods. While that can be a good thing for everyday users, it also makes the platform a ripe target for hackers and cybercriminals looking to make a quick buck. And while most sophisticated Facebook users believe they know how to spot…

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FTC Says Facebook Scams Are At An All-Time High

FTC Says Facebook Scams Are At An All-Time High

It’s no secret that fraud is prevalent on Facebook. However, the sheer scale of the problem is shocking. According to a recent report from the Federal Trade Commission (FTC), social media scams have cost users a staggering $2.7 billion since 2021. Meanwhile, one in four people who reported losses due to any kind of fraud…

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Facebook Accused Of Profiting Off Marketplace Scams

Facebook Accused Of Profiting Off Marketplace Scams

Facebook Marketplace is a great tool to connect communities and help people buy and sell goods. However, those same benefits of the platform also make it a popular target for scammers and cybercriminals looking to dupe unsuspecting users. For example, one aggressive hacker seized control of a young woman’s account in the UK and began…

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Facebook Scam Victim Told By Police To Write Letter Of Complaint To Mark Zuckerberg

Facebook Scam Victim Told By Police To Write Letter Of Complaint To Mark Zuckerberg

If you’ve used Facebook for any amount of time, you know that scams are an all-too-common occurrence on the platform. And to make matters worse, the company makes it virtually impossible to get in touch with a representative if fraud or hacking occurs. And law enforcement officials rarely know what to do about it, either.…

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Facebook Announces Takedown Of World’s Largest Spam Campaign

Facebook Announces Takedown Of World’s Largest Spam Campaign

Following the controversial 2016 and 2020 presidential elections, Facebook has been on high alert for foreign bad actors spreading spam and misinformation on its platforms. And this week, Facebook announced one of its biggest-ever takedowns of one of these groups: a widespread Chinese spam operation dubbed “spamoflage.” This campaign involved more than 7,700 Facebook accounts…

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Local Facebook Groups Are Being Overrun With Hoax Posts

Local Facebook Groups Are Being Overrun With Hoax Posts

Local Facebook groups are an invaluable resource to bring communities together to share information and help each other. However, these groups have been increasingly filled with spammy posts designed to scare users and share false information. A fact-checking charity called Full Fact found over 1,200 fraudulent posts in local Facebook groups around the world, a…

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Small Businesses Are A “Gold Mine” For Facebook Scammers

Small Businesses Are A “Gold Mine” For Facebook Scammers

Small businesses are often extremely reliant on platforms like Facebook and Instagram to market themselves and build a loyal customer base. However, these small operations are at a big disadvantage when it comes to cybersecurity — and Facebook doesn’t necessarily have the incentive to help protect them. Because small businesses don’t have the resources of…

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