I received a message from chase I thought was interesting. They posted about the top scams they see (found HERE). Some interesting findings are the following:
Nearly 50% of scams reported to chase originated from social media. My thoughts …. you need to use social media with a “validate first” vs “trust first” regarding any situation. Its too easy to lie about who you are or what you are asking about. I spoke about this at RSA back in 2014 (HERE).
These forms of payment don’t give you purchase protection:
- Cash
- Checks
- Crypto
- Gift Cards
- Wire Transfers
- Zelle®
This means it’s highly unlikely you’ll get your money back if it’s a scam.
They rank the top 10 scams on social media as the following:
1: Tickets
2: Property rentals, sales, or leases
3: Cars / Car parts
4: puppies / pets
5: Furniture
6: Electronics
7: Moving / Shipping
8: Clothes / Jewelry
9: Home contractors
10: Household appliances
…. the take away, pretty much scams can be anything. They claim most scams are injected into groups, which makes sense. I’ve seen dozens of times these types of offers dropped into a futbal / soccer group that has nothing to do with the topic. I also find (and chase points out) there are a ton of “investing” links that get injected, which I do see often as well. Lastly, they point out adds or messages from threat actors coming at you when you sell something using social media. I always run into this.
Regarding adds, this is their advice
Take a careful look at the ad
Are there any of these red flags?
- Does it look like the photos were simply pulled from the internet?
- Have the pictures been used in other postings online? (You can do an image search to find out.)
- Is the price ridiculously low?
- Does it seem too good to be true?
See the full article. It’s pretty good and on point with the findings.