Avoid 'get rich quick' schemes on Facebook, WhatsApp and Instagram warns bank

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Avoid 'get rich quick' schemes on Facebook, WhatsApp and Instagram warns bank
Danmark Seneste Nyt,Danmark Overskrifter
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TSB analysed its own internal data and found fraud cases within its three biggest fraud categories came via the Meta-owned social media sites.

An increasing amount of financial scams are taking place via social media platforms like Facebook, WhatsApp and Instagram, according to analysis by a leading bank.-owned companies after analysing its own internal data over the space of two years.TSB fraud experts have warned users to keep an eye out for random messages claiming to be from family or friends and advised directly contacting the person in question before transferring money to them.

The UK bank also told those new to investing to stick to recognised investment platforms, and avoid 'get rich quick' schemes prominent onAfter launching the fraud guarantee refund in 2019, TSB reimbursed 97% of those involved in its fraud cases - excluding those who have been involved in the fraud themselves or those who exploit the guarantee.

Paul Davis, director of fraud prevention at TSB, said:"Social media companies must urgently clean up their platforms to protect the countless innocent people who use their services every day.

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SkyNews /  🏆 35. in UK

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