FACEBOOK FINANCIAL FRAUDS AMIDST PANDEMIC
                     FACEBOOK  FINANCIAL  
FRAUDS  AMIDST  PANDEMIC
INTRODUCTION
• Fraudsters are using the pandemic as an excuse to trick 
people out of their cash.
• Recently facebook users have faced the circulation of fraud 
messages that have trapped the users.
Source: The Verge
VULNERABILITY
• The vulnerability is one of the major issue that the firm has 
had to fix in the last two months in its password recovery 
process. 
Source: Express Computer
SUSPICIOUS COVID-19 PRODUCTS
• Coronavirus-related scams aren’t limited to tests or 
treatments.
• Facebook explained that the company will take down posts 
and accounts pushing such products when it is made aware 
of them.
Source: The Indian Express
FAKE MESSAGES
• People have reported seeing messages that offers help 
during pandemic on WhatsApp or Facebook.
• These messages offer money to people who need it through 
grants, coupons for food support, or other giveaways. 
• But they’re all fake, and not from those companies at all.
Source: The Quint
CIRCULATION OF MESSAGE
• The message tells you to click a link to get your money. If you 
click, you might find a survey to take. 
• And they might ask you to forward the message to several 
friends to be eligible to collect.
Source: BBC
SCAM
• The messages are running a phishing scam to collect your 
information and possibly putting malware on your phone, 
tablet, or computer if you click the link. 
• There’s no money to get, and no help to be had.
Source: India TV
COVID-19 FINANCIAL SUPPORT SCAMS
• Fake government emails, which look like they are from 
government departments offering grants.
•  Scam emails offering access to "Covid-19 relief funds“.
• Official-looking emails offering a "council tax reduction“.
Source: Daily Express
HEALTH SCAMS
• Phishing emails claiming that the recipient has been in 
contact with someone diagnosed with Covid-19. 
• Fake adverts for non-existent coronavirus-related products, 
such as hand sanitizer and face masks.
Source: FOX
LOCKDOWN SCAMS
• Fake emails and texts claiming to be from TV Licensing, 
telling people they are eligible for six months for free 
because of the pandemic. 
• Emails asking people to update their TV subscription services 
payment details by clicking on a link
Source: Finextra Research
WHAT DO YOU DO?
• Don’t click on any links.
• Delete the messages – and certainly don’t share them.
Source: AltFi