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- Social media's popularity with scammers is thanks to the easy ways anyone can make a fake profile or hack into an existing profile and its overall low cost. The FTC said that scammers targeting people use their victims' profiles to find out their habits, likes, and other personal details to cater directly to them.
www.zdnet.com/article/scammers-target-us-on-social-media-now-more-than-ever/
Jan 25, 2022 · Together, investment scams, romance scams, and online shopping fraud accounted for over 70% of reported losses to social media scams in 2021. But there are many other frauds on social media too, and new ones popping up all the time.
- New Data Shows FTC Received 2.8 Million Fraud Reports from ...
Newly released Federal Trade Commission data shows that...
- New Data Shows FTC Received 2.8 Million Fraud Reports from ...
Dec 28, 2021 · From annoying fake delivery texts, to hackers forcing Instagram users to film hostage-style videos of themselves promoting get-rich-quick schemes, 2021 was the year scamming blew up. As Paul...
20 hours ago · With more than $240 billion in U.S. online sales and almost $15 billion in holiday retail expected in Canada, scammers are ready to pounce on unsuspecting shoppers across North America by using ...
- Online Fraud Tops The List
- Extortion Scams
- Don’T Be A Victim
The CAFC has seen an increase in online scams being reported. Some of the top ones include: 1. Puppy scams: Puppies are advertised for sale online and a payment is requested before seeing the pup. Often, there is no dog or buyers are sent to a fake address 2. Rental scams: Homes are listed for rent online and again, a rent payment is requested befo...
Other scams that have cost Canadians millions include extortion scams. The most common ones are the CRA scam, the border mail scam and the grandparents scam. All involve an intimidating phone call from someone claiming something has gone wrong and if the consumer doesn’t pay up, something bad will happen. Labine said they always use emotion to targ...
The CAFC said there are ways to keep from getting scammed. It’s always advised you know who you are sending money to. Another good practice is to always use a credit card as most will reimburse you if you fall victim to a scam. It’s also advised you work with your bank and let them know if you’re being extorted. Then there are the three Rs: recogni...
- Tomasia Dasilva
Jan 31, 2022 · Scams that started on Facebook, Instagram and other social media sites doubled year-over-year in 2021, leading to $770 million in consumer losses, a federal agency warns. Calling social media a “gold mine” for scammers, the Federal Trade Commission (FTC) says these platforms were far more profitable than any other method of reaching ...
Feb 22, 2022 · Newly released Federal Trade Commission data shows that consumers reported losing more than $5.8 billion to fraud in 2021, an increase of more than 70 percent over the previous year.
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Jan 27, 2022 · In its latest Consumer Protection Data Spotlight, the Federal Trade Commission (FTC) says 2021 was a banner year for social media scammers, with $770 million in social-media–originated fraud...
