10 Social Media Scams and How to Spot Them
It’s no secret that people love social media. Whether it’s Facebook which has over 2 billion active users as of October 2018, Instagram with its 1 billion users or LinkedIn with its 590 million users, each platform offers a unique place to interact with friends, family and sometimes strangers. Although these platforms allow us to connect with others, they can also pose a threat if we aren’t cautious. There are many scammers on these social media channels. Both individuals and businesses have lost over $100 billion due to internet fraud. In 2017, the Better Business Bureau reported 45,811 scams in the U.S., and in 2018 that number rose to 48,369 scams. Scams might be common, but the techniques that scammers use can vary. To help you identify common scams on social media and prevent them from occurring, we have an infographic on 10 social media scams and how to spot them. 1. Lottery and Free Gift Card Scam Oftentimes there are posts on social media claiming ...