Researchers reveal alarming rise in investment scams in India through Facebook, WhatsApp, Telegram
8 months, 2 weeks ago

Researchers reveal alarming rise in investment scams in India through Facebook, WhatsApp, Telegram

India TV News  

Cybersecurity researchers have revealed an alarming rise in investment scams in India that are being promoted through social media messaging platforms such as Facebook, WhatsApp, Telegram, and others. The findings revealed over 29,000 malicious investment Additionally, the report emphasised the concerning tactic of impersonation, with 81,000 X accounts posing as recognized financial institutions to lend credibility to these scams. "Scammers reach out to potential victims through various social media platforms, using compromised data to send direct messages. Around 62,687 complaints regarding investment scams were registered in the first four months of this year, resulting in losses of Rs 2.22 billion, as per the report.

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