Since September 1st, victims of phishing scams disguised as social media advertisements have collectively lost at least $162,000. These scams often involve enticing ads on platforms like Instagram, Facebook, and TikTok promoting heavily discounted items. Clicking links embedded in these posts leads victims to fake websites where they are tricked into entering their card details and one-time passwords.
Phishing scams involving social media advertisements have been on the rise and affected numerous victims.Victims of phishing scams disguised as advertisements on social media have collectively lost at least $162,000 since Sept 1.
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. There is a recent uptick in phishing scams, with at least 173 reports lodged in September, said the police on Monday .
Members of the public are also urged to verify the authenticity of advertisements and posts with merchants, and report any suspicious links.
Phishing Scams Social Media Advertisements Cybercrime Online Security
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