Facebook Marketplace is one of the most popular platforms in the world for buying and selling goods. Unfortunately, this means that it’s also a ripe target for scammers and cybercriminals, who are becoming increasingly bold in their strategies to rip off unsuspecting users. This week, the BBC published a disturbing report from a couple who…
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It’s not surprising that Facebook scammers constantly think of new ways to take advantage of users. However, it can be shocking just how far they’re willing to go. For example, a report in Newsweek this week highlighted a new funeral scam aimed at grieving families. In this scam, cybercriminals send out what appears to be…
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By now, it’s well known that Facebook is a ripe target for hackers and scammers. However, the social media giant doesn’t seem to be keeping up with the sheer volume of threats users face. New research from UK consumer watchdog group Which? found widespread scam advertisements on Facebook and other major social platforms, contributing to…
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Last month, a lawmaker in South Carolina brought a devastating lawsuit against Facebook after his son fell victim to a sextortion scam and committed suicide. These scams, which involve a criminal obtaining nude photos of an individual and blackmailing them for money or more pictures, have been particularly targeted at teens. And while it could…
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Over the past year, financial institutions around the world have sounded the alarm about the rise of investment scams on social media, particularly on Facebook, Instagram, and WhatsApp. Now a popular finance app in the UK has echoed those concerns, telling lawmakers that Facebook and its associated platforms are a “hotbed” for financial scammers. According…
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Facebook Marketplace scams are a sadly commonplace occurrence on the platform, and recent reports indicate the problem may be getting even worse. For example, a recent study of Facebook Marketplace sellers conducted by TSB retail banking company, a UK financial institution, found that 34 percent of listings were fraudulent. The company also concluded that buyers…
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It’s no secret that Facebook scammers often impersonate businesses to trick unsuspecting users into forking over money. And while the cost of this fraud is apparent for the victims, the damage to the businesses that are being impersonated is often not reported. That’s why, this week, a small business in St. Paul, Minnesota, told its…
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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 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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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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