The increase in fraud incidents on social media has prompted the Ministry of Commerce. The General Directorate of Consumer Protection and Market Surveillance of the Ministry of Commerce made a statement informing consumers about the types of fraud in social media.
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7 methods social media scammers use
Ministry of Commerce, General Directorate of Consumer Protection and Market Surveillance According to the news shared on the website, he advised consumers to be careful about stealing their real accounts with fake profiles of fraudsters on social media platforms.
In addition, the Directorate listed the 7 most frequently used fraud methods on the platforms:
one- Business and Investment Fraud
It promises you a job or investment opportunities to earn a lot of money. The truth is, these offers are just a scam to get your money, personal information or bank account information.
2nd- Fake Prize, Sweepstakes and Lottery Scams
It tells you that you have won a prize, but asks you to pay a fee or provide bank account information to claim the prize.
3- Romantic Scams
It involves an online relationship, but usually asks you to send money or personal information once you’ve earned your trust.
4- Subscription Traps
It convinces you to sign up for a free trial offer or a paid subscription without your knowledge.
5- Fake ‘Influencer’ Sponsorships
It looks like real brands that offer sponsorship opportunities, but their followers are tricking influencers/social media users into sharing their bank details.
6- Advertisements for Cell Phones and Other Electronic Devices at Well-Below Market Price
These products are never delivered.
7- Phishing Scams:
They use email or text messages to trick you into clicking a fake login link to steal your password or account information.
The Ministry made the following recommendations against these methods:
- Be careful with suspicious sites or accounts: Fraud can start with a friendly request.
- If you receive a strange message from someone you know, contact that person directly: Call the person or talk face to face.
- Be on the lookout for strangers following you on social media and messages asking you to give or share something: Scammers are after your money and personal information. Don’t answer.
- Always verify the account and identity of the person or company you’re in contact with before responding: Take a close look at the sender’s email address or URL. Contact the person or company directly or check their website to make sure they are who they say they are.
- Protect your computer and devices: Use security software and protect your accounts using multi-factor authentication.