Vulnerabilities in security systems at Facebook and PayPal have caused a scam that has costed consumers millions of dollars.
Victims are tricked to send money voluntarily to their Facebook friend’s bank account, just to find out later that their ‘friend’ wasn’t really someone they knew at all. Most of the fraudsters behind this scam are from the US, UK, or Russia, and for many this scam is their main source of income, given the fact that a typical attacker can earn USD 2.500 per day.
How does the scam look like? The Facebook account is hacked using stolen login details from the dark web. After that, an attacker uses Messenger to contact several friends, telling them that they are owed money but cannot access their own PayPal account to receive it.
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