Social media scams that target your bank account

Image result for social media logoIt is, however, important to note that advancement in technology has come with its own drawbacks.
With the growth of social media, online scams have evolved. To stay safe online, learn to recognise these common social media scams, according to www.wellsfargo.com/financial-education/basic:
1: Social media phishing
A fraudulent social media account impersonates a reputable bank or company by using the company’s name and logo. These accounts may link to fraudulent websites that request your sensitive information.
Scammers may try to convince victims to provide their information by linking to sites that appear legitimate, but whose URLs differ slightly from the real sites, such as a misspelled website name or another domain name. Once you enter your credentials on this site, the scammers can access your username and password. The links may also contain instructions to “like” a page, share a link, and complete a survey, through which scammers earn money every time a questionnaire is completed.

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