Hundreds of scam pages were uncovered in a major investment fraud campaign. The campaign uses social media advertising to trick victims into giving away their money. The scam pages impersonate legitimate financial and insurance companies, as well as brands from various sectors. The scammers request personal information and bank details from their victims. Once a deposit is made, communication stops and refunds are blocked. The campaign targeted users from the Middle East and Africa region. The losses estimated between March and June 2023 were $280,000. #InvestmentFraud #ScamPages #SocialMediaScams #CyberCrime

https://www.infosecurity-magazine.com/news/hundreds-of-scam-pages-uncovered/