Bank experts warn that scammers are targeting victims through patient romance and investment scams via social media, with increasing goods & services scams on Facebook Marketplace.

Bank experts warn that scammers are becoming more patient, targeting victims through drawn-out romance and investment scams. Social media giants are called upon to increase their role in scam prevention, as the volume of some scam types, such as goods and services scams on Facebook Marketplace, has risen. Despite a decline in scam losses, the majority of scams still originate from social media or text messages.

April 01, 2024
3 Articles

Further Reading