Meta fights growing online fraud with new fraud intelligence programme: All about it
3 months, 3 weeks ago

Meta fights growing online fraud with new fraud intelligence programme: All about it

Live Mint  

Meta, the parent company of Facebook, WhatsApp, and Instagram, has announced a worldwide anti-scam campaign to protect users from fraudulent activities during the holiday shopping season, reported AFP. To further bolster its efforts, Meta has enlisted internet safety expert and ethical hacker Rachel Tobac, who will help educate users on recognising and avoiding online threats. This initiative aims to facilitate the sharing of crucial information about potential scam activities between financial institutions and Meta’s platforms, strengthening collaborative efforts to combat online fraud. As the holiday shopping season approaches, Meta’s campaign serves as a timely reminder for users to stay vigilant and aware of the ever-changing tactics employed by scammers in the digital space.

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History of this topic

Meta warns ahead of Valentine’s Day: Scammers using AI to dupe the lonely looking for love
1 month, 2 weeks ago

Meta warns ahead of Valentine’s Day: Scammers using AI to dupe the lonely looking for love

The Hindu  

Meta on Wednesday warned internet users to be wary of online acquaintances promising romance but seeking cash as scammers use deepfakes to prey on those looking for love. "This is a new tool in the toolkit of scammers," Meta global threat disruption policy director David Agranovich told journalists during a briefing. Detection systems in Meta's family of apps including Instagram …

Meta cracks down on ‘pig butchering’ scams, claims to have removed over 2 million accounts
4 months, 1 week ago

Meta cracks down on ‘pig butchering’ scams, claims to have removed over 2 million accounts

Firstpost  

Pg butchering scams involves fraudsters tricking victims — often found on social media or dating platforms — into fake cryptocurrency investments or financial schemes. Such scams have siphoned off more than $75 billion globally since 2020 Meta has been actively tracking the criminal networks behind pig butchering scams for the past two years, noting their increasing global spread. Described as …

Meta removed 2 million accounts linked to pig butchering scams: Know what it is and how it works
4 months, 1 week ago

Meta removed 2 million accounts linked to pig butchering scams: Know what it is and how it works

India Today  

Meta has taken a major step against online scams by removing over two million accounts involved in something called "pig butchering" scams. These scams are elaborate fraud schemes where criminals build fake relationships online to trick people into investing money in bogus plans, often involving cryptocurrency. How the scam works –Scammers send a friendly message or create fake profiles on …

Meta Finally Breaks Its Silence on Pig Butchering
4 months, 1 week ago

Meta Finally Breaks Its Silence on Pig Butchering

Wired  

Years into the escalating, multibillion-dollar global crisis of pig butchering scams, social media giant Meta released information for the first time on Thursday about its approach to combating the forced-labor compounds that fuel scam activity on its platforms and across the web. As pig butchering scams generate significant revenue for criminals, though, and spread around the world, Meta notes that …

Protecting Your Funds From Online Scamsters: Strategies For Avoiding Fintech Scam Schemes
4 months, 2 weeks ago

Protecting Your Funds From Online Scamsters: Strategies For Avoiding Fintech Scam Schemes

ABP News  

By Amjad Raza Khan The term "FinTech" emerged in the 1990s when Citicorp, now known as Citigroup, initiated the Financial Services Technology Consortium, aiming to bridge the gap between banking institutions and tech companies to explore the potential of emerging technologies in finance. From phishing schemes to identity theft, fintech scams have become a major threat, highlighting the need for …

Meta partners with UK banks to combat fraud
5 months, 4 weeks ago

Meta partners with UK banks to combat fraud

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. We will only beat these criminals if we work …

Big discounts, big frauds: Amazon, Flipkart customers targeted
8 months, 3 weeks ago

Big discounts, big frauds: Amazon, Flipkart customers targeted

India Today  

As the biggest sale of the season approaches, online shoppers need to be extra cautious. Besides, India Today Open Source Intelligence team investigated further by conducting reverse domain search on Flipkart, there were over 3000 sites which were using flipkart in their domain name. Reports indicate that as Amazon approaches Amazon Prime Day on July 16-17, 2024 worldwide and on …

Cybercriminal are making fake Facebook profiles to phish high-profile users: Report
1 year, 11 months ago

Cybercriminal are making fake Facebook profiles to phish high-profile users: Report

The Hindu  

Cybercriminals created more than 3,200 scam profiles, most of them impersonating Meta employees’ profiles, to phish public figures, celebrities, businesses, sports teams, and individual users. Scammers tricked victims by impersonating Meta’s technical team and requesting users to voluntarily share data on a phishing website or by sending their browser cookies to avoid their profiles being blocked, according to a blog …

Panorama investigation reveals how easy it is buy scam guides online for as little as £100
3 years, 7 months ago

Panorama investigation reveals how easy it is buy scam guides online for as little as £100

Daily Mail  

An Instagram fraudster who sells victims' bank details and 'how-to' guides for other criminals for as little as £100 has been unmasked by BBC Panorama as a London university student. While they were once hidden in the shadows of the dark web, they now work more openly online, with Kafui even managing to unmask one anonymous influencer, who seems to …

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