Here Are Some Truly Scary Social Media Stats! ccforumsis, cardercc

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Scamming incidents have increased by 519% in 2020 compared to last year, according to researchers at Baltimore-based ZeroFOX. The researchers compared their own data to a recent report from the Federal Trade Commission, which found that scams on social media have skyrocketed since the start of the pandemic earlier this year. ZeroFOX says their data aligns with the findings in the FTC’s report, and they’ve observed a significant year-over-year increase in scams:
ZeroFOX concludes that this activity will continue to proliferate, since scammers have no reason to change their methods.
“ZeroFOX Alpha Team assesses that scammers will likely continue to use the pandemic as an opportunity to take advantage of desperate consumers,” the researchers write. “Emotional and economic distress can leave victims vulnerable to these scams, especially ones designed to alleviate stress and reduce the impact of the pandemic. Alpha Team also assesses that the scam types will remain constant and we will not see many new scams, mostly due to the years of experience and resources available for tried and tested scams. The old adage ‘don’t fix what isn’t broke’ applies to bad actors as well. As always, be mindful when using social media for business or for personal use to prevent yourself from becoming the next victim to a social media scam.”
New-school security awareness training can give your employees a healthy sense of suspicion so they can avoid falling victim to social engineering techniques.
ZeroFOX has the story .
Many of your users are active on Facebook, LinkedIn, and Twitter. Cybercriminals use these platforms to scrape profile information of your users and organization to create targeted spear phishing campaigns in an attempt to hijack accounts, damage your organization’s reputation, or gain access to your network.
Here’s how the Social Media Phishing Test works:
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