Victims lose over $162k to phishing scams involving social media ads in September
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Victims of phishing scams disguised as advertisements on social media have collectively lost at least $162,000 since Sept 1. In these cases, victims would come across advertisements or sponsored posts on platforms like Instagram, Facebook and TikTok promotinVictims lose over $162k to phishing scams involving social media ads in September
Victims of phishing scams disguised as advertisements on social media have collectively lost at least $162,000 since Sept 1. In these cases, victims would come across advertisements or sponsored posts on platforms like Instagram, Facebook and TikTok promoting heavily discounted items such as personal accessories, electronics, food and cleaning supplies. Clicking links embedded in these posts would lead victims to either a phishing site which prompted them to key in their card details and one-time passwords to pay for the products themselves, or delivery. Victims would only realise they had been scammed when they discover unauthorised transactions charged to their cards or when the items are not delivered. There is a recent uptick in phishing scams, with at least 173 reports lodged in September, said the police on Monday (Sept 30). The police advised the public to take precautions such as setting limits on their cards for online transactions and enabling multi-factor authentication for banks and e-wallets to avoid such situations. Read more