Since the advent of social media, fraudsters have been able to scam unsuspecting users. 25 billion dollars were spent on victims alone in 2013.
Recent years have seen the rise of social media platforms like Facebook and Twitter, which are used by online scammers to lure their targets in various ways, including by creating fake profiles that portray them as attractive or popular on these sites. These people often use pictures from other websites without permission, which creates false expectations about the kind person behind them.
Scammers and fraudsters have become more adept at using the internet due to technological advancements.
Using social media platforms to trick people into thinking they've won something or received some kind of gift card from a store like Target is an easy way to trick them out of their money, according to one study.
Many consumers are unaware of how these scams operate, but those who are aware are more cautious about what information is posted online after hearing this news.