FinCap Friday: Scams & Traps on Social Media Apps

What is one sign that lets you know a social media account seems suspicious?

• The account is verified with a blue check

• The account sends unsolicited direct messages

• The account posts daily content

• They have a very high number of likes on all posts

What tactic do social media scammers often use to lure their targets?

• Use a verified account

• Post genuine product reviews

• Use stolen photos of real people

• Get celebrity endorsements

Which age group has been most susceptible to social media scams?

• Children under the age of 10

• Teenagers and young adults

• Middle-aged adults

• Retired, elderly individuals

How much money did those under 20 yrs old lose to online scams in 2021?

• $1.4 million

• $10.4 million

• $41 million

• $101.4 million

What does it mean for an account to be "verified" on social media?

• The account has been hacked and needs verification

• The account owner has provided proof of identity

• The account has been flagged for suspicious activity

• The account has been deleted by the platform