Social media scams hit a new high in 2021

Nancy J. Delong

Social media cons hit an all-time superior last 12 months, new figures from the Federal Trade Commission (FTC) have discovered.

The FTC claims a quarter of all fraud losses for the calendar year took place on social media, with victims dropping around $770 million for the duration of 2021 (at an typical of all-around $460 for each rip-off) – an 18x increase on the $42 million dropped just 5 decades ago.

Next Post

Huge subscription fraud campaign hits over 100 million Android users

A prevalent Android subscription fraud campaign has been discovered actively thieving from consumers money. Uncovered by cybersecurity scientists from Zimperium zLabs, the “Dark Herring” marketing campaign is composed of some 470 apps, all located in the formal Google Engage in Keep.  The apps, most of which fall in the enjoyment […]