Big cheating on social media platform
Recently, fraud has increased with ads using logos of government institutions on the social media platform called X, formerly known as Twitter.
It is noteworthy that the public authorities did not interfere with
Citizens fall into the trap of being deceived by advertisements containing expressions such as “Click to get bank account deductions, card fee refunds, earn points, get loans and participate in the lottery.”
Depositors run the risk of having their bank accounts emptied when they click on the ad, thinking they will be taken to the website of the relevant bank or institution.
The process is as follows: The citizen enters all his data, thinking that he has entered the bank application. The fraudster, who sees the information on the screen, also accesses the bank’s actual mobile branch from a second computer.
The bank sends a password to the consumer’s mobile phone. When the consumer types that password on the fraudster’s screen, the fraudster can empty the account with that password on the page where the real bank account is located and also apply for a loan and debit it.
Social media operators also put hundreds of thousands of people at risk by posting these ads. Experts point out that there should be an inspection mechanism to prevent those who easily make such misleading advertisements and say that relevant institutions should punish X-type platforms.
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.