Honeypot catches social engineering scams on social media

Research company investigates 40,000 fake accounts to find impersonator tactics.

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In another scenario, a scammer offered to money-flip for a number of banks, going as far as providing their phone number. The bulk of the malicious activity is carried out via DM or off of the platform entirely, making it difficult to detect. 

The scammers target victims in dire financial need, often appending hashtags like #help, #debt, and even #singlemom. They also target members of the military and holiday shoppers, who make for lucrative targets. At the end of the day, it’s often the banks who eat the costs of these scams, which combined across platforms, could total in the hundreds of millions annually, ZeroFOX said.

Copyright © 2017 IDG Communications, Inc.

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