Big Scammers

Sunday, August 14, 2016

Social Media – Used for Networking Scams on the Internet

Social Media serves as an excellent platform for people to stay connected with their family members, friends and colleagues.
Facebook, Twitter, Orkut, Linkedin,etc have become household names for Internet users. Thanks to smart phones, it is possible to access these apps on the go. Apart from fun and entertainment, social media has become a powerful platform that harnesses the applications of digital technology by:

  • Exposing injustices and atrocities noticed in everyday life to public
  • Online shopping prospects are multiplied for the sellers due to sharing and posting of reviews by buyers
  • Sites like Linkedin enable knowledge sharing on various professional competencies
  •     Media uses social media for wide outreach
  • Social media is used to communicate news of urgency like death of family member to the world at large in a matter of seconds
  • Financial companies can popularize investment schemes on a low advertisement budget
  • By marking safety symbol on social media during emergencies like earthquakes and floods, the acquaintances of survivors can breathe easy
  • Social Media is a haven for both employers and job seekers to improve hiring and employment prospects
On the other hand, social media accounts are also increasingly being target by scammers to carry out various scams online. Here is a look at why users need to be careful while using any social media platform and keep an eye for any possible scams that may occur in the future.

Social Media scams permeate the above advantages and shock people out of their lives, when they realize their privacy has been compromised. Social media scams on the Internet involve:

  • Hacking into social media account
Unethical hackers can gain unauthorized access into the accounts of people and misuse personal information for committing other scams on the Internet like identity theft and fraud. The possibility of misusing photos and contacts of friends, sending them dubious messages on social media messengers etc., are further advances.

  • Posting fraudulent investment advertisements
Thousands of people have fallen prey to fake investment opportunities posted on social media. The fraudsters also write fake reviews that might make their offer credible, when in reality the investment company is non-existent and investors lose their hard earned money.

  • Fancy quizzes and surveys
Many social media users have yielded to interesting quizzes and surveys, which can reveal how loveable you are or how lucky you are by clicking and giving your basic details. There may be hidden conditions where users have inadvertently complied with add-ons to their Internet or mobile bills.

  • Vulgar and obscene sites that may be posted on social media walls
Unknown friends are dangerous. Some pornographic sites contain links that cause undesirable photos to be pasted on social media accounts of all the friends of the person accessing the site. This becomes a nuisance and embarrassment both to the person and his friends.

  • Requests to share chain posts
There may be sudden requests to share a post so that some miracle can happen or some charity will be benefited. Threats of misfortune on ignoring to share posts may also be attempted to target the weak-minded and have fun at their expense. These pranks jeopardize prospects for legitimate charities who get benefited for every post shared in mustering support for the needy.
Social media networks are no exclusions to scams on the Internet. It is impossible to live without social media. The only recourse is keeping abreast of all scams on the Internet and the beguiling techniques of the scammers.