Facebook Account Takeovers: Can Tech Giant Stop Hijacking Scams?

 

A Go Public investigation discovered that Meta has allowed a scam campaign to flourish on Facebook, as fraudsters lock users out of their accounts and mimic them. 

According to the CBC, Lesa Lowery is one of the many victims. For three days, she watched helplessly as Facebook scammers duped her friends out of thousands of dollars for counterfeit things. Her Facebook account was taken in early March. 

Lowery had her account hacked after changing her password in response to a Facebook-like email. The scammer locked her out, costing her friends $2,500. Many of Lowery’s friends reported the incident to Facebook, but Meta did not. The scammer removed warnings and blocked friends. Lowery’s ex-neighbor, Carol Stevens, lost $250 in the swindle. 

Are Meta’s efforts enough? 

Claudiu Popa, author of “The Canadian Cyberfraud Handbook,” lambasted Meta for generating billions but failing to secure users, despite the fact that Meta’s sales increased 16% to $185 billion la

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