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The trouble with social media revolves around identity theft, brand hijacking and privacy issues. The opportunity social media creates for criminals is to “friend” their potential victims in order to create a false sense of trust and use that against their victims in phishing or other scams.
It was big news when someone had their Facebook account jacked by someone who impersonated the victim, claiming to have lost their wallet in the UK and begging for a money wire. Now it’s old news, but it’s still happening.
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Prakash Bhudia HOD – Product & Growth at Deriv
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